§ 1108.170. Equipment.
44 words·~1 min read·
/us/cfr/t2/s§ 1108.170·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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:
(a)\$5,000; or
(b)The recipient's or subrecipient's capitalization threshold for financial statement purposes.