We establish and are responsible for procedures related to the management and control of all inventorial equipment under the care and custody of the Regents. "Equipment" are all items meeting the following criteria, which must be tracked by the University's property and financial systems:

• are non-expendable
• stand alone
• have a normal useful life of one year or more (see UCOP's Useful Life Schedule) 
• qualify as tangible personal property with an acquisition cost of $5,000 or more (includes gifts and transfers of equipment at this value)
• note that firearms, government property, and vehicles registered with the DMV must be recorded and tracked, regardless of cost

Equipment Management tracks campus inventorial equipment through the Berkeley Equipment Tracking System (BETS), an online, web-based campus application.

Departmental Equipment Custodians are the primary responsible party for tracking their department assets.

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