April 6, 2021
Capital Equipment Categories: Award Management Proposals Regulatory Compliance On this page Introduction Stanford defines an asset as capital equipment if it meets all the following three criteria unless otherwise specified by the sponsor terms and conditions. 1. Cost is $5,000 or greater 2. Useful life of more than one year, and 3. Individual, stand-alone, moveable, tangible item Responsibilities of Key Participants Key participants in the management of equipment are the PI, the Research Administrator, the Department Property Administrator (DPA), the asset user, and the Property …