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Policies and Procedures

Procedure 602.3 – Transferring Equipment to the University

July 1, 1999
Last Updated
August 11, 2009
Responsible University Officer
Director of Logistics
Responsible Unit
Asset Management

Procedure Statement

Equipment from other institutions or federal agencies transferred with newly employed faculty must be reviewed to determine if it should be added to the Asset Management database.

Forms and Instructions

Department business offices must notify Asset Management when a new faculty member transfers to the University from another institution or federal agency, bringing equipment previously owned by that institution or agency.

Submit a list or relinquishing statement from the institution or agency, with the following information:

Description of equipment
Model number
Serial number
Date of acquisition
Acquisition cost

Asset Management will calculate the depreciated value of the equipment and determine whether it meets the criteria for entering into the Asset Management database. UNC Asset Management decals will be sent to the department for tagging if equipment meets the capitalization requirements.

Related Data

Procedure 603.1 - Tagging New Equipment


August 11, 2009