Issue Date: 1991-09-01
Revised Date: 2001-09-01

Object Type

Cash — Real Property


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


To record payment for a capital lease of telecommunications infrastructure.

To qualify as a capital lease, the lease agreement must meet any one of the following criteria:

  • The lease transfers ownership of the property to the lessee by the end of the lease term.
  • The lease contains a bargain purchase option.
  • The lease term is equal to 75% or more of the estimated economic life of the lease property.
  • The present value of the minimum lease payments at the inception of the lease, excluding executory costs, equals at least 90% of the fair value of the lease property.

Expenditure code 7519 includes, but is NOT limited to:

  • Cellular Telephone (lease purchase)
  • Lease Purchase (telephone equipment)
  • Telecommunications Equipment (lease/purchase)


This code does NOT include:

  • Interest (7802)

USAS Values

Appropriation Year 20
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 13 – CAPITAL OUTLAY