Change in Control Policy for Minor Equipment

Effective July 1, 2008, MIT’s Property Office is changing its tagging and control policy for minor equipment purchased by or gifted to MIT. Minor equipment is defined as equipment items with an acquisition cost of less than $3,000. With this change, only computers (including laptops and servers) with an acquisition cost greater than $1,000 and charged to general ledger account 421827 (minor equipment) will be tagged and entered into the property database. All other laboratory, test, office and general purpose minor equipment will not be identified and tagged. This change does not affect MIT’s Equipment Capitalization Policy, the tagging and control of capital equipment, or minor equipment where sponsors require tracking.