{"data":{"id":"us/32-cfr-37.535","jurisdiction":"us","citation":"32 CFR 37.535","heading":"How do I value cost sharing related to real property or equipment?","body":"You rarely should accept values for cost sharing contributions of real property or equipment that are in excess of depreciation or reasonable use charges, as discussed in § 37.685 for for-profit participants. You may accept the full value of a donated capital asset if the real property or equipment is to be dedicated to the project and you expect that it will have a fair market value that is less than $5,000 at the project's end. In those cases, you should value the donation at the lesser of:\n(a) The value of the property as shown in the recipient's accounting records (i.e., purchase price less accumulated depreciation); or\n(b) The current fair market value. You may accept the use of any reasonable basis for determining the fair market value of the property. If there is a justification to do so, you may accept the current fair market value even if it exceeds the value in the recipient's records.","path":["Title 32—National Defense","Subtitle A—Department of Defense","CHAPTER I—OFFICE OF THE SECRETARY OF DEFENSE","SUBCHAPTER C—DoD GRANT AND AGREEMENT REGULATIONS","PART 37—TECHNOLOGY INVESTMENT AGREEMENTS","Subpart E—Pre-Award Business Evaluation"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-32.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:30Z","sha256":"095ee1a7b37048743005deb952bd589def0aa7dbbd9930dd5b8cc6b932b18771","source_id":"us-cfr","stale":true,"prev":"us/32-cfr-37.530","next":"us/32-cfr-37.540"},"notice":"GroundRules: Original legal text. Not legal advice."}