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#1
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How to list parts that were donated in the CAW?
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. |
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#2
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Re: How to list parts that were donated in the CAW?
Correct. Since they are a sponsor, services rendered don't go on, just raw material cost.
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#3
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Re: How to list parts that were donated in the CAW?
Alright, thanks. Also, do electronics need to go on as well?
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#4
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Re: How to list parts that were donated in the CAW?
Any non-KOP electronics you might have need to be there. It might be a good idea to list the KOP ones too if you have time, for completeness.
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