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• To see if one of these object codes is appropriate, click on the account number to open up the account record, and look at the Equipment Ownership Code on the UConn Contracts and Grants tab.

• Use 8306 to identify Controllable Property assets only; otherwise use 8307.

• Use these object codes only if removing the equipment will cause permanent damage to the building or nonstructural asset (outside). Otherwise, use the regular equipment object codes.

  • Exception: Attached artwork is always coded as artwork (8260, 8261).

Capital Equipment

Capital equipment is defined as tangible, non-expendable, personal property having an anticipated life of one year or more with a unit acquisition cost of $5,000 or greater. Equipment is capitalized and depreciated on the University's financial statements. Capital equipment includes, but is not limited to, furnishings, scientific apparatus, machinery, library volumes, artwork, motor vehicles, boats, and livestock.

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Computer Software Licenses are included with initial purchases, upgrades, or renewals of software application programs or licenses with a useful life of 3 or more years and a cost of $5,000 or more. Includes initial installation costs and modifications to software. Does not include annual renewals or ongoing software support costs. If the software is part of an equipment installation and is essential for the equipment to operate, it may be coded as part of the equipment.

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Capital equipment that is permanently attached to a building, where removing it would cause permanent damage to the building, is considered Attached Equipment. Attached equipment purchases should be coded to827x if $100,000 or more and 8325 if under $100,000.

Controllable Property

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Object code 8307 should be used for equipment under $5,000 that is not considered Controllable Property.

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