Capital Equipment/Fixed Asset

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/FinServices/Policies_Procedures/CONTENTS.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 extension 1048 or Layne Hymas at extension 1064.

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Object Code 8400

"Capital Equipment/Fixed Asset" - over $2,500 - All equipment having a total dollar value of $2,500 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.

Object Code 8300

"Operating Equipment/Fixed Asset Inventory" - Two clases of items should be charged to this account.

1.  Equipment Costing Between $500 - $2,500 per unit which is readily susceptible to theft (able to be carried away by one person, and has value in a residential environment) such as:

a.  Classroom/lab equipment, such as microscopes or drills

b.  Sewing machines, sergers, typewriters

c.  Cameras and projectors

d.  Musical instruments

e.  Paintings, sculpturs, etc

f.  Electronic equipment

2.  The following computer equipment regardless of cost:

a.  Monitors

b.  CPU's

c.  Network printers

Numbered bar code tags will be attached to these items and inventory annually.

Object Code 8350

"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,