22 - "DEPRECIABLE ASSET" AND LABORATORY EQUIPMENT

Can you clarify the definition of "depreciable asset"? Moreover is the laboratory equipment considered as thematic equipment? In which case can it be reimbursed in full? Should it be ensured that this equipment is used solely for the purpose of the project in question during its lifetime?

Definition of depreciable assets: resources or tools/instruments which are subject to depreciation. Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life.

General rule for “Equipment for general (office) use”: In case of costs related to equipment of general office use that are not already included in Office and administration budget line (the elements related to Office & administration BL are listed in Commission Delegated Regulation n.481/2014), their full cost is eligible only if the depreciation period is shorter than the time lap between the purchase of the equipment and the end of the project and if the concerned equipment (for instance a laptop used by a Project manager) is used solely for the project.

General rule for “Thematic equipment” is that it is reported in full in BL “equipment” if it is exclusively used for project purposes. Depreciation and pro rata apply for specific cases (please refer to “Factsheet n. 3 – Project Development”).​​​