Expense equipment is considered to be any equipment line item with a dollar value of less than?

Get more with Examzify Plus

Remove ads, unlock favorites, save progress, and access premium tools across devices.

FavoritesSave progressAd-free
From $9.99Learn more

Prepare for the Medical Logistics 4A1 Test. Utilize flashcards and a variety of questions with hints and thorough explanations. Elevate your chances of acing the exam!

In the context of medical logistics and equipment categorization, expense equipment typically refers to items that are not capitalized and are instead charged to expenses in the financial records. The threshold for classifying such equipment can vary, but in many standard practices, including those in military and federal settings, equipment with a dollar value of less than $100,000 is classified as expense equipment. This classification allows organizations to manage and account for lower-value items more efficiently without the need for extensive capital asset management processes that are required for higher-value items. Thus, any equipment line item valued at less than this amount is typically expensed in the fiscal year it was acquired, facilitating more straightforward financial reporting and inventory management.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy