State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7856 – Impairment Loss – Special Item
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Inactive

This expenditure object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

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 and the definition of a special item, should be reported as a special item on the Proprietary Fund Financial Statements and the Government-wide Statement of Activities.

Notes

USAS Values

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



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