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Expenditure Object 7354 – Leasehold Improvements - Expensed

Object Type: Cash — Maintenance and Repair

Reference:

Specific definitions for capitalized, controlled and expensed asset classifications are located in the SPA Process Users Guide.

Issue Date: 2001-09-01

Revised Date:

Description

To record payment for improvements made to leased buildings. Total cost must be less than $100,000.

This code is used to record improvements or additions that will revert to the lessor at the expiration of the lease.
Moveable equipment or office furniture that is not attached to the leased property is not considered a leasehold improvement.

Appropriation Year	26
USAS Title	LEASHOLD IMPROVEMENTS-EXPENSED
Object Group	10 – Expenditures
USAS Status	A
Rev/Exp Category	14 – REPAIRS AND MAINTENANCE