§ 37.540. May I accept fully depreciated real property or equipment as cost sharing?
73 words·~1 min read·
/us/cfr/t32/s§ 37.540·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
You should limit the value of any contribution of a fully depreciated asset to a reasonable use charge. In determining what is reasonable, you must consider:
(a)The original cost of the asset;
(b)Its estimated remaining useful life at the time of your negotiations;
(c)The effect of any increased maintenance charges or decreased performance due to age; and
(d)The amount of depreciation that the participant previously charged to Federal awards.