Re: software/equipment question Shriver, Sandra 02 Feb 2010 12:19 EST
Good point...I'll look at it again. Sandy -----Original Message----- From: Research Administration List [mailto:xxxxxx@hrinet.org] On Behalf Of Manuel Corday Sent: Tuesday, February 02, 2010 11:35 AM To: xxxxxx@hrinet.org Subject: Re: [RESADM-L] software/equipment question Have you looked on your rate agreement. Ours indicates, "Equipment means an article of nonexpenable tangible personal property having a useful life of more than one year, and an acquisition cost of $5,000 or more per unit" Mokry, Gloria wrote: > I would put it down as equipment > > *From:* Research Administration List [mailto:xxxxxx@hrinet.org] *On > Behalf Of *Shriver, Sandra > *Sent:* Tuesday, February 02, 2010 10:57 AM > *To:* xxxxxx@hrinet.org > *Subject:* [RESADM-L] software/equipment question > > We would like assistance determining if computer software over $5,000 > meets the definition of equipment for federal grant reporting. Or, > should software be expensed. > > In this particular case the software has a useful life of one year or > less. > > Is the answer different if the computer software has a cost of $5,000 > or more and a useful life of more than one year? > > Also, in the guidance, is computer software part of the terminology > "computer costs"? > > Any input would be greatly appreciated. > > Thank you, > > */Sandy Shriver/* > > Office Administrator Sr. > > Sponsored Grants Accounting > > Fairmont State University and > > Pierpont Community & Technical College > > Room 320 HB > > 1201 Locust Avenue > > Fairmont, WV 26554 > > 304-367-4684 (phone) > > 304-367-4850 (fax) > > xxxxxx@fairmontstate.edu > > */"Peace is watching a sunrise and knowing Who created it."/* > > Confidentiality Statement: This electronic mail transmission and any > attached document(s) may contain information that is confidential. > This information is intended only for the individual(s) named on this > electronic mail. If you are not an intended recipient, you are hereby > notified that any disclosure, copying, distribution, or taking action > on the contents of this electronic mail is strictly prohibited. If you > have received this electronic mail transmission in error, please > notify me so I can arrange that the electronic mail transmission be > directed to the correct recipient(s). Please destroy all copies that > were sent to you in error. Thank you. > > ====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") > ====================================================================== > > ====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.hrinet.org (click on "Listserv Lists") > ====================================================================== > -- Manuel Corday Assistant Director Office of Sponsored Research Suite 1100 Harris Building 3300 Whitehaven Street, NW Washington, DC 20007 (202) 687-1372 (202) 687-3825 (Fax) xxxxxx@georgetown.edu ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ====================================================================== ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================