Supplies means all tangible property with a value at or below $5,000, regardless of its useful life, which can include computing devices. Equipment means tangible property with a per-unit acquisition cost of $5,000 or more, having a useful life of more than one year, including information technology systems. For more detail, refer to 2 CFR Part 200 Uniform Guidance, Subpart A, 200.1 (Acronyms and Definitions) as well as Subpart D, 200.314 (Supplies) and 200.313 (Equipment).