Unified Technology &Agricultural Program

What is the definition of capital equipment?

What is the definition of capital equipment?

The definition of capital equipment and related policies are designed to comply with various US accounting and governmental rules and regulations. UTAP's definition of equipment is "an article of non-expendable tangible personal property having a useful life of more than one year and an acquisition cost of $5,000 or more per unit. The capital expenditure includes both the cost of the asset itself as well as expenditures necessary to put it in place. Capital expenditure for equipment, for example, means the net invoice price of the equipment including the cost of any modifications, attachments and accessories or auxiliary apparatus necessary to make it usable for the purposes for which it is acquired. Ancillary charges such as taxes, duty, and protective in transit insurance, freight and installation are also included in the total purchase price.

Help us improve Water and Food security in parts of Africa. Let's do it!

  • The Dry Season

    In the dry season, agricultural operation is impossible without irrigation. Farmers move to cities, creating population density and poverty. The dry season is one of two seasons in semi-arid Africa.  The dry season is characterized by low humidity, lack of water and depletion of subsistence crops between November to April yearly.
  • The Rainy-Wet Season

    The rainy or wet season occurs during a warm season, or summer, precipitation takes place.  In the wet season, air quality improves, fresh water quality improves, and vegetation grows substantially, leading to crop yields late in the season. Rivers overflow their banks and drains into lakes along the white Volta river networks.    
  • Dredging Existing Lakes

    UTAP proposes expanding five (5) midsize lakes spreading along the White Volta, dredged or dug-up to regain lost storage, improve water supply reservoirs, improve fish habitat, and use nutrient-rich sediments for planting of fruits and vegetables. None of the lakes sediments are considered contaminated in any form.