State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7857 – Impairment Loss – Extraordinary Item
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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 extraordinary item on the Proprietary Fund Financial Statements and on the Government-wide Statement of Activities.


Notes




USAS Values


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



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