One of our sponsors produced several sheet metal parts for us this year. They supplied the metal as well, so we paid nothing for it. How would I list this in the CAW?
R12
Code:
Example 2: A Team receives a donated sensor. The company would
normally sell this item for $52 USD, which is therefore its fair market
value.
Example 5: A Team purchases steel bar stock for $10 USD and has
it machined by a local machine shop that is a recognized Sponsor of
the Team. If the machinists are considered members of the Team, their
labor costs do not apply. The total applicable cost for the part would
be $10 USD.
Based on this I would assume that I would just find a cost for the material used and nothing else. Is this correct?