A Note on Capital Asset Quotes

for $.01 to $1.00 charges

contributed by Joyce Gredler
If you have a line item on a quote for a cost of $0.01 to $1.00, please charge those costs to a “non-capital” spend category on the requisition. Here are a few instances where this might happen:    

• Various quotes, such as Fisher Scientific, do not charge a shipping fee but require a $0.01 charge to represent "free shipping". For this type of fee, please charge to the “Services Freight Inbound (SC0159)”.

• There also may be $0.01 charges on a quote for a component that is being provided at no additional cost but requires a line-item cost of $0.01 to pull this item from the supplier’s inventory to ship with the order. See this example:

                    Ultra Low Freezer $10,398.46  Eq Capital Laboratory (SC0494) 
                    12 Freezer Racks   $ 272.79   Eq Capital Laboratory (SC0494) 
                    12 Freezer Racks    $ 0.01  Eq Noncapital Laboratory (SC0345) 
            
            Only the first two lines would be coded as capital equipment.
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