Many lab equipment purchases have associated computers for support – what is the correct coding?
If the computer support components of a laboratory system, or integrated package, and components are readily identifiable and broken out on the payment invoice, and the cost is under $5000, then the “704XX” account codes should be used. The computer support equipment is considered an expensed item in this case. In situations where such components are not readily identifiable, or the computer cost more than $5000, the “75XXX” capital purchase account codes apply.
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- Many lab equipment purchases have associated computers for support – what is the correct coding?