Capital Equipment
A Little History
Years ago –

Capitalized by System
Then came the idea of

Capitalizing by components
Now we have come full circle and are
Capitalizing by Systems
Capitalizing Under two methods

Prior 2010 components
have Property Numbers

Currently Systems
have Property Numbers

Capitalized by components
A Component must be surplused
Replacement Component capitalized

Capitalize by systems
– Example



Provide Cost of each major
component

AS System
SVE System

Enclosure, CP & T

Provide Cost of
Systems
Currently
Example:
List components of Systems
Advantage to Capitalizing Systems: do not capitalize or surplus
components
*Still need makes, models and serial numbers of components
*Items with a cost of $1,000. or more must be listed as a component of a system
SVE System
Blower
Heat Exchanger
Moisture Separator
Transfer Pump
Bag Filter
Manifold VE
AS System
Compressor 1
Compressor 2
Heat Exchanger 1
Heat Exchanger 2
Manifold AS
Control Panel
So you have
Telemetry
a repair replaced
compressor
Repair
(This is the advantage of Capitalizing systems)

Shoot me an Email

Need to up date the database with new:




equipmenthelpdesk@wrscompass.com
Make and Model Numbers
New Serial numbers
Specifications
HELPFUL WITH RE USE PROGRAM

You will say

“When you need Equipment for reuse!”
Need 4 Supporting Documents
to capitalize equipment

Property Reporting Form (PRF)

Manufacturers Invoice

Page #1 of the Contractors Invoice

Section G-1.1 of the template W/Changes
Please use Revised PRF

Located on the DEP Website
–
–
Announcements and Upcoming events
Equipment information
Enclosure Vs Systems
Price Systems
Price Enclosure



Building
Trailer
Cargo Container






AS
SVE
MPX/DPX
Oxidizer
Carbon
Other could be



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C-Sparge
Ozone
Carbon
55Gal drums are Never Capitalized
Want to see in G:1.1
Note: Enclosure, CP &
Telemetry is Priced
separately but will be
given one Property #
Revised Property Reporting Form
Revised Property Reporting Form
An Oxidizer

Will always have its own Property Reporting Form

Oxidizers are Going Places “Usually on Trailers”
Potential Component List
The components will need to be entered under Systems
Potential Component List for Systems - on the 2nd Tab of Property Reporting Work Book Form


AS System
Compressor
Heat Exchanger
Manifold AS
Control Panel
Telemetry
SVE System
Blower
Manifold VE
Moisture Separator
Air Stripper Tray
Air Stripper Tower
Equalization Tank
Knock Out Tank
Transfer Pump
Bat Filter
Control Panel
Telemetry
Use the Potential Component List for
entering components under systems
Equipment has been Capitalized

You will Receive Property Letter listing equipment

Is this CORRECT? If not, let me know

You will see this list each year AS YOUR INVENTORY!

Make sure decals are attached to equipment
Receive New Property Numbers
Property Letter
Site Manager has Decals
and Returns CORRECTED…….
Property Letter
Signed Property Letter

Needs to reflect equipment Purchased on the
indicated work order.

Existing Property and Transfer Property will
not be listed on Property letter

(But will be on the end of year Inventory)
Questions ??

Questions before we talk about Titles?
Titles & Certificates of Origin
ALL
Starts with the VIN Number
(Vehicle Identification Number)
Did you Know….
 A VIN Number has 17 digits
 There is an algorithm for determining
and checking VIN Numbers
Algorithm ….Fun Facts
The following algorithm is used for calculating check digits:
1. Each letter is assigned a numeric value.
1-3 World Manufacturer
identifier
4-8 Vehicle Attributes
9 Check digit
10 Model Year
11 Plant Code
12-17Sequential Numbers
character A B C D E F G H I
1 2 3 4 5 6 7 8 9
value
character J K L M N O P Q R
1 2 3 4 5 6 7 8 9
value
character S T U V W X Y Z
2 3 4 5 6 7 8 9
value
2. Each number or character value is multiplied by the factor for that position.
position 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
factor 8 7 6 5 4 3 2 10 0 9 8 7 6 5 4 3 2
3. The resulting products are summed.
4. The total is divided by 11.
5. The check digit is the remainder. If the remainder is 10 then the check digit is X
(Roman numeral 10).
VIN # and your
Property Reporting Form
List non-expendable equipment/personal property (excluding software), costing $1,000 or more that was purchased under the DEP Preapproval
work order or task assignment listed below. Submit one completed form for each modular skid or trailer mounted system.
I. Ge ne ra l Informa tion
Contractor Name
Date Purchased
Pre-Approval Work Order#
Manufacturer
State Cleanup Contract #/Task Assignment #
System Model #
Location (DEP Facillity ID#)
System Serial #
II. T re a tme nt Syste m Costs
Vendor Cost $ (w/tax & shipping)
Contractor Markup
Total Cost
DEP Cost Share (%)
DEP Cost
III. T re a tme nt Syste m T ype (Check system type that applies and indicate whether skid or trailer mounted . If multiple treatment types are mounted
on one skid or trailer check all types that apply. Check "other" if treatment system type is not listed or if purchasing individual components).
Air Sparging
Airstripper
Carbon System
Catalytic Oxidizer
Diffused Aerator
Dual Phase Extraction
Pre-treatment
Soil Vapor Extraction
Thermal Oxidizer
Other
Skid Mounted (list dimensions)
Building Mounted (list dimensions)
Tra ile r Mounte d (list dime nsions)
(& list tra ile r VIN numbe r)
Certificate of Origin
 Acceptable for Trailers less than 2000 lbs
 AKA
 “MSO” Manufacturer’s Statement of Origin
Certificate of Origin
 Trailers more than 2000 lbs

Contractor required to provide Florida Title

VIN verification form W/ Certificate of Origin at the DMV=
Florida Title

VIN verification forms are found at the DMV or I can provide one for you

An officer or Examiner from DMV must sign the VIN Verification Form
Florida Title
 Need signature of Seller (Contractor)
 Print Sellers name legibly
 Leave buyer and price blank
Seller must sign here:
Format of the title may change
Out of State Titles
 Not accepted
 VIN Verification is needed

Vin Verification Form PLUS “Out of state Title” at DMV =
Florida Title
Vehicle Tags
 There are NO -Universal Tags
 Tags are on file at WRScompass
 You may Request a vehicle tag
 Return Required

When Trailer has been set up or moved to storage
(exception): if trailer is to moved again within 6mo.
Vehicle Tags
 On File at WRS
Or
 Tags on Trailers
Only if being moved within 6 months
* Not in the possession of contractors
Still have a few Untitled Trailers
 DMV = 3 day Temporary Tag
 For moving remediation equipment
on wheels from one site to another
 Cost= $50.00
Thank you,
For your Attention.