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EAP Policy Manual FFY24 Chapter 13 Program Fiscal Management Page 17 • Commerce shall issue disposition instructions within 120 calendar days after the end of the Service Provider’s EAP-related activities. • When title to sensitive equipment is transferred, the Service Provider shall be paid an amount calculated by applying the percentage of participation in the purchase to the current fair market value of the property. Useful Life The following table is used to determine when inventory records for an item are no longer required, when an item is “no longer needed” and/or when an item can be sold/retained/etc. without further obligation. Purchase Requests Personal Property, State Property and Exceptions Service Providers must obtain purchase or disposition approval for equipment that is nonexpendable, tangible personal property having a useful life of more than one year and a per unit acquisition cost of $5,000 or greater. Service Providers using EAP funds must seek approval for all vehicle purchases. The Service Provider Purchase/Disposition Request form is the mechanism to obtain Commerce approval for purchase or disposition of non-expendable personal property. Service Providers must follow the standards in the OMB Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 C.F.R. pt. 200, Subpart D: Property Standards). Type of Equipment Estimated Useful Life (Years)

Audio/Visual Equipment 5

Computer 5

Computer Peripheral 8

Copy Machine 5

Electronic Equipment 10

Office Machine 5

Photography Equipment 8

Printing/Laminating Equipment 10

Telecommunications Equipment 10