Issue Date: 2006-05-01
Revised Date:

Object Type

Non-Cash — USAS Special Accounting Transactions

Reference

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 extraordinary item on the Proprietary Fund Financial Statements and on the Government-wide Statement of Activities.

Note

USAS Values

Appropriation Year 20
USAS Title IMPAIRMENT LOSS - EXTRAORDINARY ITEM
Object Group 19 – Financial Reporting (Non Expenditures)
USAS Status A
Rev/Exp Category NA – NOT APPLICABLE