Part III - UNM Finance: Practical Applications

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Standard Accounting Resource Manual (SARM)

MSC 0000 00
1 University of New Mexico
Albuquerque, NM 87131

Equipment versus Warranties and Service Contracts for Equipment

3180-Non Capital Equipment <$5,001
Use for unrestricted funds. Equipment with a per item cost less than $5,001.  Examples: Chairs, Bookshelves, paper shredders, band instruments, file cabinets.


70C1- equipment warranties/service contracts
This account is used for Warrantee or Maintenance agreement for which a CONTRACT exists.  It is NOT part of capital purchases.