| Property
The Property Accounting Department of
Financial Services is responsible for maintaining an accurate
record of all inventoriable equipment in the posession of the
College.
What is "capital" equipment?
Capital equipment is equipment purchased
by the College that has a unit cost of $5,000 or more and a
useful life of at least one year.
What is "non-captialized"
equipment?
Non-capitalized equipment is equipment
purchase by the College that has a unit cost of under $5,000
and has a useful life of at least one year.
Q &
A
Q: Do I have to inform Property Accounting when I
move equipment that has been inventoried from one location to
another, or transfer it from my department to another
department?
A: Yes! In order for us to keep the College's fixed
assets system up-tp-date, we need to know when equipment
permanently changes location so we can update that information
in the system. "Permanently" is defined as longer that six
months.
Q: So, how do I do that?
A: It's easy. Fill out the form below and send it
attention of surplus property:
 Equipment
Inventory Change Form
Simply complete the necessary information, obtain the
necessary departmental signature(s), and forward it to
Property Accounting, Resource Ctr, or fax it to 376-4510. If
you don't have access to the web, call Property Accounting at
328-0257.
Q: How do I get rid of equipment that my department
doesn't want anymore?
A: Contact Procurement Services at
328-0142
Grant and Contract
Equipment
Gift Equipment (section
IX)
Contact Information
Brenda Craft,
Hourly Payroll & Property Manager
Resource
Building
One College
Avenue
Wise, VA 24293
Phone: (276)
328-0257
Fax: (276)
376-4510
Email: bbc5a@uvawise.edu
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