最快开奖直播搅珠结果

11 - 022 Fabricated Equipment

a. SUMMARY OF ADMINISTRATIVE PROCEDURE

This procedure explains the way equipment fabricated by 最快开奖直播搅珠结果 is handled.

1. Definition of Fabricated Equipment: Fabricated equipment is self-constructed equipment having a useful life of more than one year and a total cost of $5,000 or more upon completion. Fabricated equipment cannot be purchased off the shelf. Fabricated equipment does not include upgrades to existing equipment and refers only to the construction of a new piece of equipment.

2. Why are Fabricated Equipment Procedures Necessary? Fabricated equipment procedures are needed to ensure that all items purchased for the construction of a single piece of new equipment are captured for capitalization. This procedure allows the charging of components to equipment account codes even when an individual acquisition cost does not meet the capitalization threshold.

3. Responsibility:

a. The Project Director constructing a piece of fabricated equipment is responsible for:

i. Providing notification that an item is being fabricated to 最快开奖直播搅珠结果 Property Control;
ii.听Maintaining supporting documentation; and
iii.听Providing notification that construction is completed to听最快开奖直播搅珠结果 Property Control.

b. 最快开奖直播搅珠结果 Property Control is听responsible for maintaining the system to track acquisitions relating to fabrication projects.

b. DETAILED OPERATING PROCEDURE

1. Beginning the Fabrication Project:

a. The project Director should complete the top of the 最快开奖直播搅珠结果 11-022F: Fabrication Project Report Form, prior to beginning the equipment construction and send a copy to听最快开奖直播搅珠结果 Property Control as appropriate. The form will let 最快开奖直播搅珠结果 Property Control know that a fabricated project is in progress and provides an approximate beginning and end date. It will also give 最快开奖直播搅珠结果 Property Control the information needed to properly capitalize and tag the equipment once it has been completed.
b.听Procurement transactions related to the fabrication of equipment must include:

i. The phrase "Fabricated Equipment",
ii.听The project name or the name of the item being built, and
iii.听The name of the Project Director.
Please insert this information in the document text section of the Banner Requisition Form (FPAREQN). The text will then be brought forward into the Banner Purchase Order document text (FPAPURR) automatically. This information lets 最快开奖直播搅珠结果 Property Control staff know that charging this item to fabricated equipment account code 740005 is appropriate, regardless of cost.

c. Once a Ptag number (Banner Fixed Asset system record identifier) is created for the fabricated project, it will be communicated to the Campus Financial Division听in order to be used as a reference number for all future purchase transactions for that specific fabricated project. For Banner PCard and invoice transactions, the Campus Finance Division听should put the Ptag number in the commodity field to identify the fabricated project the transaction is assigned to.

2. Completing the Fabrication Project:

a. The projector director should fill out the bottom of the 最快开奖直播搅珠结果 11-022F: Fabrication Project Report Form, when construction is completed and send the form to 最快开奖直播搅珠结果 Property Control as appropriate.
b.听Fabricated equipment is considered complete when it becomes useable for its intended purpose.
c.听Fabricated equipment is added to the equipment inventory upon completion with a value equal to the sum of the cost of components.

3. Additional guidance is also included at Procedure 11-022P: Preparation of Fabrication Project Report Form.


The official version of this information will only be maintained in an on-line web format. Any and all printed copies of this material are dated as of the print date. Please make certain to review the material on-line prior to placing reliance on a dated printed version.