Know what to include in the purchase price of capital equipment.
For items acquired through Stanford’s purchasing process, the acquisition cost is the cost incurred for the initial purchase of an item. Various types of cost may be included in the acquisition transaction. The table below show expenses included and excluded from the purchase price of equipment. Both types of expenses can be included in a sponsored project proposal budget. Expenses included should be in the equipment section and expenses excluded in the "other costs" section of a proposal budget.
Acquisition Cost for Purchases of Stanford-Owned Property |
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Expenses Included |
Expenses Excluded |
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