| Issue Date: | 2002-09-01 |
|---|---|
| Revised Date: |
Object Type
Cash — Capital Outlay
Reference
Specific definitions for capitalized, controlled and expensed asset classifications are located in the SPA Process Users Guide.
Description
To record payment for fixed or movable tangible assets used in the state's operations, which have a useful life of more than one year. Total cost must be equal to or greater than $5,000.
Note
The following must be included if directly related to the acquisition of the capital asset; otherwise, the cost must be recorded using the appropriate operating expense object code:
- Freight/delivery service (7286)
- Installation and/or modifications cost
- Attachments, accessories or apparatus necessary to make asset usable
- Fees and other charges
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | PERSONAL PROPERTY-CAPITALIZE |
| Object Group | 10 – Expenditures |
| USAS Status | A |
| Rev/Exp Category | 13 – CAPITAL OUTLAY |