How would your organizations (i.e. Accounting depts.) handle this situation:

A special type of lighting system, with substantial installation costs, is to be leased over the three year life of a grant.  The lease payment for the lights are being charged on a monthly basis as an expense against the grant.

1.  Do you apply indirect costs to the lease payments?

2.  How do you treat the installation costs:  capitalize or expense?  If you expense them, I would also assume that you would collect indirect costs against this expense as well, correct?

Thanks!

Deb

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Debra K. Hansen
Director of Sponsored Programs and Fiscal Affairs
Marshfield Clinic Research Foundation
1000 N Oak Avenue - 1R3
Marshfield, WI   54449
715-387-9130
xxxxxx@mcrf.mfldclin.edu
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