Permanent (capital) equipment refers to items valued at $5,000 or more with a useful lifespan of at least one year. Equipment also includes individual items that cost less than $5,000 that are combined or fabricated in order to function as one piece of equipment with a total value of $5,000 or more.
If you are anticipating the purchase of permanent equipment for a sponsored project, be sure to include details in your budget and budget justification at proposal stage. Any unbudgeted equipment purchases will require sponsor pre-approval.
Please visit OCG's Property and Equipment webpage for additional information.