Can a computer that is intended to only run a specific software application, or be used for a specific training purpose, utilizing specific industry-unique technology, be purchased?
The law is very clear that the useful life of equipment purchased with bond funds must have a useful life span of ten years regardless of what software application or technology it is running. A computer, even if it will be used solely for the purpose of a specific sector, does not have a lifespan of ten years (see Question 21).
Related Questions
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