Capital equipment is defined as any single asset which has an acquisition cost of $5,000 or more and having a useful life of at least two years, whether purchased outright, acquired through a capital lease, or through donation.
Capital Equipment Policy - The Purchasing Department administers capital equipment asset matters and is responsible for the centralized accounting and reporting of UWSP capital equipment assets.
Department Asset Manager - Departments assign Asset Manager(s), who will be responsible for knowing the location and general condition of Capital Equipment within their area(s) and reporting to the Purchasing Department. This assignment is done at the time of purchase, and remains in effect until either Purchasing Department is notified of: a change of Asset Manager; item is transferred to another department; item is surplused (sold, transfer, traded, etc.) through the UWSP Surplus Property Office.
Addition Request Form - Department Asset Managers are responsible for completing the Capital Equipment Addition Request Form for all equipment purchased for or assigned to them or their department.
Transfer/Trade-In Form - Department Asset Managers are responsible for documenting the physical transfer of a capital equipment asset within a department or between departments on the UWSP campus; or to indicate that a capital equipment asset has been traded in toward a new purchase.
Surplus Declaration Form - Department Asset Managers are responsible for reporting the loss and/or disposals of capital equipment assets.
Questions and inquiries can be directed to: Purchasing, email@example.com, x2721.