Frequently Asked Questions
When is software equipment?
Software is considered equipment and the purchase should be coded under the equipment object code 17xxx if :
- The software is purchased at the time that the operating system is being purchased.
- The software is greater than $5000 and it is specialized/custom developed for the operation of a particular system, and has a useful life of more than one year.
Note: The software is not consider equipment when it is acquired to upgrade an existing software package (e.g software upgrade from 3.2 to 7.6)
Categories: Equipment Acquisition