Capitalized fabricated equipment is equipment that is assembled or manufactured by the College using purchased materials, in-house machinery or tools and College labor. Fabricated equipment valued at $5,000 or more and having a useful life of one year or more shall be capitalized and recorded on the College's equipment inventory.
The Statement of Intent to Fabricate an Item form needs to be filled out when a project begins and sent to the Fixed Assets Manager. At the end of each fiscal year copies of the backup to the fabrication project need to be sent to the Fixed Assets Manager at HB 6114.
Once the project ends please notify the Fixed Assets Manager and send the completed Statement of Intent to Fabricate an Item form with all backup to HB 6114.
