Statutes, codes, and regulations
Code of Federal Regulations
Title 2 - FEDERAL FINANCIAL ASSISTANCESubtitle B - FEDERAL AGENCY REGULATIONS FOR GRANTS AND AGREEMENTSChapter XI - DEPARTMENT OF DEFENSESubchapter A - GENERAL MATTERS AND DEFINITIONSPart 1108 - DEFINITIONS OF TERMS USED IN SUBCHAPTERS A THROUGH F OF THIS CHAPTER
Subpart B - DEFINITIONS
Section 1108.170 - Equipment

2 C.F.R. § 1108.170

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Current through October 31, 2024
Section 1108.170 - Equipment

Equipment means tangible personal property (including information technology systems) having a useful life of more than one year and a per-unit acquisition cost which equals or exceeds the lesser of:

(a) $5,000; or
(b) The recipient's or subrecipient's capitalization threshold for financial statement purposes.

2 C.F.R. §1108.170

85 FR 51230 , 10/19/2020