The arbitrary $5000 lower limit for defined equipment purchases in the U.S. results in millions of dollars of lost science funding per year.
Summary in Science
- Joshua M. Pearce. Undermined by overhead accounting. Science 352, 158–159 (2016). doi:10.1126/science.352.6282.158-b
Detailed account in ZME Science
- J.M. Pearce. How Antiquated Accounting Costs American Science Millions a Year. ZME Science 3.9.2016.