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Capital Equipment/Restricted Accounts

Capital Equipment/Restricted Accounts. Do’s Capital equipment with a current fair market value of $500 or more no longer needed on a project may be retained for use on another project provided that compensation is made to the original Federal awarding agency or it’s successor.

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Capital Equipment/Restricted Accounts

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  1. Capital Equipment/Restricted Accounts Do’s • Capital equipment with a current fair market value of $500 or more no longer needed on a project may be retained for use on another project provided that compensation is made to the original Federal awarding agency or it’s successor. • If the recipient has no need for the equipment, the recipient shall request disposition instructions from the Federal awarding agency. • The Federal awarding agency shall determine if the availability of the equipment shall be reported to the General Services Admin. to determine if the equipment can be used in other Federal agencies. • If disposition instructions have not been issued to the recipient within 120 calendar days after the recipients’ request, the recipient can sell the equipment and reimburse the Federal awarding agency an amount computed by applying to the proceeds the percentage of Federal participation in the cost of the original project. • This information can be pulled from Circular A-110. (www.whitehouse.gov/omb/circulars/a110.html) Don’ts • Restricted Capital equipment cannot be deposited or written off without the Restricted Accounting Managers approval.

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