State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7855 – Impairment Loss – Expense
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Object Type: Non-Cash — USAS Special Accounting Transactions
Reference:
Issue Date: 2006-05-01
Revised Date:

Description

To record the loss related to an impaired capital asset that, according to the criteria in GASB Statement #42, should be reported as an operating expense on the Proprietary Fund Financial Statements and as a program expense on the Government-wide Statement of Activities.

Notes

USAS Values

Appropriation Year 26
USAS Title IMPAIRMENT LOSS - EXPENSE
Object Group 19 – Financial Reporting (Non Expenditures)
USAS Status A
Rev/Exp Category NA – NOT APPLICABLE



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