State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7858 – Decrease In Net Assets Due To Interagency Transfer of Capital Assets
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Object Type: Non-Cash — USAS Special Accounting Transactions
Reference:
Issue Date: 2002-09-01
Revised Date:

Description


To record the interagency transfer of capital assets. A decrease in net assets occurs when an asset is transferred for less than the book value (net of accumulated depreciation). This code is used to record the difference between the book value and cash exchange, if any. For governmental funds, this code is used in basis conversion entry to record capital assets. For proprietary and fiduciary fund types, this code is used in recording capital assets in fund financial statements.


Notes




USAS Values


Appropriation Year 26
USAS Title DECR NET ASSET D/T INTAGY TRNS CAP ASSET
Object Group 19 – Financial Reporting (Non Expenditures)
USAS Status A
Rev/Exp Category NA – NOT APPLICABLE



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