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The item manager and client must ensure that the material or property type is appropriately classified, because the type dictates accountability processes and procedures. Material and property types include:
- Capital — has a service life of more than 1 year, is identified as a stand-alone item of property throughout its useful life, has a unit cost of $10,000 or more, and depreciates in value.
- Expense — items that cost less than $10,000; repair parts and replacement components (e.g., batteries, motors), regardless of cost; and, for the most part, MTE, neighborhood delivery and collection box units (NDCBUs), workroom furniture, and similar items.
- Sensitive — materials considered especially vulnerable to theft or loss (e.g., calculators, computers, cameras, valuable portable equipment).
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