What is the threshold for: a) Equipment, b) Machinery & Equipment (M&E) purchases, c) Confirming Orders, and d) Procurement Card Equipment Purchases?
a. Tangible assets acquired through donation, gift, purchase, loan, capital lease, or self-construction, with a life expectancy of more than one year and a total acquisition cost of $2,000 or more (total purchase price including shipping, handling, tax, etc.) should be assigned an appropriate University equipment identification tag and inventoried. Equipment definitions can be found at: http://www.washington.edu/admin/eio/homepage/equipmentacq.html#Object_Codes_for_Equipment_Purchases b. Equipment purchased for certain University research and development activities may qualify for a sales tax exemption allowed under RCW 82.08.02565, (Revised Code of Washington – compilation of Washington State laws in force) known as the Machinery and Equipment Tax Exemption, or M&E Exemption. Purchases must have an acquisition cost of $1,000 or more to be considered, along with other criteria, for an M&E exemption. Additional M&E exemption information can be found at: http://www.washington.edu/admin/e
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