person using laboratory equipment


Accounting standards and federal regulations require the University to identify and control the location, use, and status of capital equipment. Capital Asset Management, under the direction of Payment Processing & Compliance, is responsible for recording and maintaining records of all capital assets purchased through the University's procurement system.

Capital assets are defined as items (equipment) that:

  • have an acquisition cost of at least $5000, and
  • have an estimated life of at least two years, and
  • are bought through a capital subcode (6100-6199).
general pitt campus

The Capital Asset Management procedures apply to all University Responsibility Centers, including the University of Pittsburgh Medical Center (UPMC) and the Regional Campuses.