Common use of Durable equipment Clause in Contracts

Durable equipment. Costs relating to the purchase or leasing with option to buy of durable equipment may be charged as direct cost. The eligible costs for durable equipment leased with option to buy shall not exceed the costs that would have been incurred if the equipment had been purchased, taking account of the formula below. The costs to be charged to the project shall be calculated according to the following formula: A = the period in months during which the durable equipment is used for the work programme after invoicing, B = the depreciation period for the durable equipment: 36 months for computer equipment costing less than EUR 25 000 or 60 months for other equipment, C = the actual cost of the durable equipment, D = the percentage of usage of the durable equipment for the project. The durable equipment may have been purchased or leased with option to buy: - within the six months preceding the work programme commencement date, - for a previous agreement concluded with the Agency, provided that the depreciation period has not been exceeded. Only the costs relating to the unexpired depreciation period may be charged. Hire costs shall be charged to the project pursuant to Article II.17.8.

Durable equipment. Costs relating to the purchase or leasing with option to buy of durable equipment may be charged as direct cost. The eligible costs for durable equipment leased with option to buy shall not exceed the costs that would have been incurred if the equipment had been purchased, taking account of the formula below. The costs to be charged to the project shall be calculated according to the following formula: A = the period in months during which the durable equipment is used for the work programme workprogramme after invoicing, B = the depreciation period for the durable equipment: 36 months for computer equipment costing less than EUR 25 000 or 60 months for other equipment, C = the actual cost of the durable equipment, D = the percentage of usage of the durable equipment for the project. The durable equipment may have been purchased or leased with option to buy: - within the six months preceding the work programme workprogramme commencement date, - for a previous agreement concluded with the Agency, provided that the depreciation period has not been exceeded. Only the costs relating to the unexpired depreciation period may be charged. Hire costs shall be charged to the project pursuant to Article II.17.8.

Durable equipment. Costs relating to the purchase or leasing with option to buy of durable equipment may be charged as direct cost. The eligible costs for durable equipment leased with option to buy shall not exceed the costs that would have been incurred if the equipment had been purchased, taking account of the formula below. The costs to be charged to the project shall be calculated according to the following formula: A = the period in months during which the durable equipment is used for the work programme after invoicing, B = the depreciation period for the durable equipment: 36 months for computer equipment costing less than EUR 25 000 or 60 months for other equipment, C = the actual cost of the durable equipment, D = the percentage of usage of the durable equipment for the project. The durable equipment may have been purchased or leased with option to buy: - within the six months preceding the work programme commencement date, - for a previous agreement concluded with the Agency, provided that the depreciation period has not been exceeded. Only the costs relating to the unexpired depreciation period may be charged. Hire costs shall be charged to the project pursuant to Article II.17.8.