A "Capital Purchase" is equipment or software with a useful life exceeding two years and an individual cost equal to or above the thresholds defined directly below.

The threshold for classification of various capital purchases as "fixed assets" for custodial purposes shall be as follows.

1. At the threshold set forth in applicable regulations or grantor requirements when the "assets" are acquired with grant or contract funds and title/ownership of the "assets" belongs to the grantor/contractor at the time of purchase or construction, but not at a higher threshold than 2, below.
2. At $10,000 when title/ownership of the "assets" belongs to Lane at the time of purchase or construction, or when such "assets" are acquired under lease/purchase conditions and where payments are made from sources such that title/ownership belongs or will belong to Lane.

These thresholds shall be used for custodial purposes only.