Division 3 Capital equipmentF1

Equipment purchased, leased or rented shall be eligible as direct costs. The reimbursable amount for leased or rented equipment may not exceed the amount at which such equipment could have been purchased. Reimbursable costs shall be calculated as follows:

$\frac{\mathrm{A\; \times \; C\; \times \; D}}{B}$

A

period in months for which the equipment is to be used for the work programme, from the date of delivery

B

depreciation period of 60 months (36 months in the case of computer equipment costing less than EUR 25 000 )

C

cost of equipment

D

percentage use of equipment on the work programme

For capital equipment costing less than EUR 3 000 the entire cost may be declared. There is no depreciation on such equipment.