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Q: The actual cost of the new equipment (VAT excluded) should be reported in the budget or the depreciation rate of the same for the project duration?
A: As is stated in the "Guide to Financial Issues", pg 50, under the point: (c) The purchase cost of durable equipment, the depreciation for the project duration should be used. The calculation of the depreciated value for equipment should be based on the participant's/beneficiary's usual practice for depreciation. Equipment depreciation must be in accordance with the usual accounting and management principles and practices of the participant, Article 31 of the FP7 Rules for Participation, and not be created purely for the EC project.
For further information please see : FP7 Financial Guidelines
Category : Research Potential ( Upgrading, development, acquisition and/or maintenance of research equipment )