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Equipment Accounts & Commodity Codes

It is the policy of Central New Mexico Community College to process, capitalize, and inventory all equipment with values of $1,000 or greater; along with a few exceptions such as: grants, cell phones, computers and equipment on loan to CNM.

Computers

  • All computers regardless of cost should use the commodity code C0300
  • Computers with a cost of $5,000 or more should use 8304
  • Computers with a cost of $4,999 or less should use 820E.

Equipment

  • Non-computer equipment items with a cost of between $1,000 and $4,999 should use the commodity code E1K5K
  • Equipment with a cost of $5,000 or more should use 8304
  • Equipment with a cost of between $1,000 and $4,999 should use 820E
  • Equipment with a cost below $1,000 should use 8202.

Software

  • Software with a cost of $5,000 or more should use 8304