Acquisition costs for software includes those development costs capitalized in accordance with generally accepted accounting principles (GAAP). Acquisition cost for equipment, for example, means the net invoice price of the equipment, including the cost of any modifications, attachments, accessories, or auxiliary apparatus necessary to make it usable for the purpose for which it is acquired. §200.2 Acquisition cost.Īcquisition cost means the cost of the asset including the cost to ready the asset for its intended use. These definitions could be supplemented by additional instructional information provided in governmentwide standard information collections. Different definitions may be found in Federal statutes or regulations that apply more specifically to particular programs or activities.
These are the definitions for terms used in this part.
Below are definitions associated with the Office of Management and Budget’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards At 2 CFR 200
