Capital expenditure means the cost of the asset including the cost to put it in place.
Capital expenditure for equipment means the net invoice price of the equip-ment, including the cost of any initial modifications, attachments, accessories, or auxiliary apparatus necessary to make it useable for the purpose for which it was acquired. It also includes the cost of incoming transportation incurred on shipments from external suppliers. Equipment means an article of non-expendable, tangible, personal property which stands alone, is complete in itself, does not lose its identity, and has a useful life of more than one year. Enhancement parts will not be capitalized, under any circumstances, if the enhanced item has neither been purchased by M.I.T. nor given as a gift to M.I.T. 4. Replacement parts, required to repair an item of capital or minor equipment and which simply maintain the original function of the equipment, will be expensed.