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EQUIPMENT |
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For Federal grants, equipment is defined by cost
principles applicable to Universities as any item with an
acquisition cost of $5,000 or more per unit and a useful life of
more than one year.
OMB Circular A-110
_.34.
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- Indirect Costs
(F&A) do NOT apply to EQUIPMENT.
- Each individual equipment item
must be identified and priced separately.
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Complete the USC Procurement Exemption Certification
Form in USCeRA for all brand specific equipment items identified in the
proposal.
- Calculate state and
local taxes on equipment. You may use the USC
Tax Exemption Form to request an exemption from State taxes.
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List shipping and freight charges for
equipment under Other Expenses.
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Individual computer software over $5,000 does
not carry indirect costs.
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