§1108.170. Equipment.
2 C.F.R. § 1108.170
Equipment means tangible personal property (including information technology systems) having a useful life of more than one year and a per-unit acquisition cost which equals or exceeds the lesser of:
$5,000; or
The recipient's or subrecipient's capitalization threshold for financial statement purposes.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301 and 10 U.S.C. 113.
Source
Source: 85 FR 51230, Aug. 19, 2020, unless otherwise noted.