State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7361 – Personal Property - Capitalized
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Object Type: Cash — Capital Outlay
Reference: Specific definitions for capitalized, controlled and expensed asset classifications are located in the SPA Process Users Guide.
Issue Date: 2002-09-01
Revised Date:

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.


Notes


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 26
USAS Title PERSONAL PROPERTY-CAPITALIZE
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 13 – CAPITAL OUTLAY



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