Equipment purchased with Federal Funds is subject to the provisions of the federal grant. In general, federally purchased equipment becomes the property of UConn once the grant has ended, unless the equipment is considered Federally Owned. Federally Owned equipment is not capitalized or depreciated.
All federal grant accounts contain a field that denotes the equipment purchased on the account as either Federally Funded (FF) or Federally Owned (FO). When purchasing equipment on a federal grant, use this field to choose the correct equipment object code. It is located on the UConn Contracts and Grants tab on the account record.