Equipment under $2500: use account code 20200 (minor equipment, not inventoried) or account code 20201 (computers, not inventoried.)
Equipment over $2500 but less than $5000: use account code 20219 (minor equipment inventoried) when processing purchase order and invoice. Upon approval of the invoice, an inventory number will be assigned and the equipment should be labeled with an inventory tag.
Equipment over $5000: use account code 40101 (fixed assets inventoried, capitalized.) This equipment is capitalized and depreciated over its useful life. Inventory information is recorded on Banner Fixed Assets system. When processing invoices for equipment purchases, add document text (serial number, location – building and room number, and date received.)