Inventorial equipment includes items owned by or in the custody of UC Merced that:
- Have an acquisition cost of $5,000 or greater (including tax).
- Are not disposable or consumable
- Are stand-alone
- Have a normal useful life of one year or more (see UCOP's useful life schedule).
- Qualify as tangible personal property
In addition, firearms, government property and vehicles registered with the DMV must be recorded and tracked, regardless of cost.
For other definitions related to equipment and capital expenses see BFB-BUS-29.
The University of California Policy BFB-BUS-29 on Management and Control of University Equipment establishes procedures for the management and control of inventorial equipment.