![[horizontal rule]](pcshr.gif){kind=small}
| Effective: 1/27/1993 |
Revised: 3/1/2003 |
![[ASU logo]](asu.gif) |
PCS 209: Acquisition of Equipment for Resale |
To define a procedure relating to the acquisition of capital equipment specifically for other university departments
Property Control
Financial Services
Departments desiring to purchase capital equipment specifically for resale are required to use the cost-of-goods-sold object code (7010) on the initial purchase order. When the department sells the equipment to another university department, the acquiring department must use an internal purchase order (PO) charging the appropriate capital object code (normally 7810).
| Note: | This policy does not apply to equipment that has already been capitalized and is being considered by a department for acquisition or sale (see PCS 210, “Interdepartmental Acquisition of Used Equipment”). |
| Responsibility
|
Action
|
|---|---|
| Department acquiring equipment specifically for resale |
|
| When the equipment arrives: | |
| |
| Department acquiring equipment |
|
For information about equipment that has already been capitalized and is being considered by a department for acquisition or sale, see PCS 210, “Interdepartmental Acquisition of Used Equipment.”
skip navigation bar