There are many methods for acquiring equipment, from purchasing to receiving a gift for your department. This section provides the necessary information to guide departments through the proper equipment acquisition processes. Proper acquisition of equipment provides departments the ability to:
- Meet its research, teaching, and business objectives in a timely manner;
- Respond timely to audits;
- Avoid losing federal funding if not in compliance;
- Ensure proper assessment indirect costs under sponsored awardsequipment.