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The following is a summary of the University's current policy regarding accounting for and tracking fixed asset capital equipment, and operating equipment. For further instruction, go to http://www.byui.edu/Financial-Services/equipment.htm. Please be aware of these policies as you fill out Purchasing Requisitions or otherwise deal with University-owned equipment. Questions can be directed to Johnnie Cahoon at ext. 1048 or Layne Hymas at ext. 1064.
If you wish to make changes to your current list, click here.
"Capital Equipment/Fixed Asset" - over $5,000 - All equipment having a total dollar value of $5,000 or more per unit (including all parts on the initial purchase) should be charged to this object code. Numbered bar code tags will be attached to these items.
"Operating Equipment/Fixed Asset Inventory" - Two classes of items should be charged to this account:
Numbered bar code tags will be attached to these items and inventoried annually.
"Operating Equipment/Non-Inventory" - This object code should be used for purchases of equipment items that do not fall into one of the object codes noted above. These items may be tagged by the departments if they wish, with non-numbered "Property of BYU-Idaho" tags. To obtain these tags contact Johnnie Cahoon.