Sponsored Projects Equipment Policy

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Presentation transcript:

Sponsored Projects Equipment Policy Having a Useful life of more than one year, and Per-unit acquisition cost which equals or exceeds $5000, and… No Expense Yes 3. Is not intended for sale (remains at WHOI), and… No (Is Intended for Sale, Contractual Deliverable) Expense Yes No (does not extend life at least one (1) year and/or is an operational repair) 4. If procurement of additional components Extends Average Useful Life at least one (1) year and expands technology and/or functionality. Expense Yes Equipment Woods Hole Oceanographic Institution Effective 7-1-2017

Sponsored Projects Equipment Policy FAQ Sentry Components Procurement: Having a Useful life of more than one year, and (YES) Per-unit acquisition cost which equals or exceeds $5000, and… (YES) Is not intended for sale (remains at WHOI), and… (YES) If procurement of additional components Extends Average Useful Life at least one (1) year and expands technology and/or functionality. (YES) Determination is Equipment Camera Body and Lens Procurement: Per-unit acquisition cost which equals or exceeds $5000, and… (NO) Is not intended for sale (remains at WHOI), and… If procurement of additional components Extends Average Useful Life at least one (1) year and expands technology and/or functionality. Determination is Expense. Indirect applied. Crimp Applicators: XX Woods Hole Oceanographic Institution Effective 7-1-2017