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Current as of October 02, 2022 | Updated by FindLaw Staff
You should limit the value of any contribution of a fully depreciated asset to a reasonable use charge. In determining what is reasonable, you must consider:
(a) The original cost of the asset;
(b) Its estimated remaining useful life at the time of your negotiations;
(c) The effect of any increased maintenance charges or decreased performance due to age; and
(d) The amount of depreciation that the participant previously charged to Federal awards.
Cite this article: FindLaw.com - Code of Federal Regulations Title 32. National Defense § 32.37.540 May I accept fully depreciated real property or equipment as cost sharing? - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-32-national-defense/cfr-sect-32-37-540/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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