October 23, 2019 13:05 Updated Follow The requirements for public purchases are found in Indiana Code 5-22. Related articles We have several pieces of equipment that we would like to sell and buy newer items. What do we have to do in order to sell these items? We bought new computers for the district in 2018 and paid for them out of district funds. So, should these be listed as a capital asset on the Gateway Annual Financial Report (AFR)?