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 20
USAS Title PERSONAL PROPERTY-CAPITALIZE
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 13 – CAPITAL OUTLAY