Due to the large volume of purchased
computer property, the Property Office and
IITS have developed
special procedures for capitalization.
A. External Computer Hardware Over $5000
All external computer hardware purchased by
IITS with a unit cost over $5000 will be
capitalized
on Property records
and charged to the 7850 account code. Upon
receipt in Shipping and
Receiving, computer property
will be tagged with inventory bar codes and
delivered to IITS.
IITS will notify the Property Office of
the location of the new computer property by
scanning the
equipment and updating the
Equipment Inventory Database.
B. Internal Computer Components Over $5000
All purchased internal computer equipment
with a unit cost over $5000 will be
capitalized on
Property records
and charged to the 7850 account code. The
value of the internal component will
be added to the
computer hardware that is being upgraded.
IITS will provide the bar-code number
of the designated
equipment to the Property Office.
C. External Computer Hardware $1,500.00 -
$4999.99
External computer equipment with a unit cost
of less than $5000 will not be capitalized
on Property
records, but will
be bar-coded for tracking purposes.
Locations of this equipment will be scanned
by IITS personnel and
downloaded to the Equipment Inventory
Database.
