Issue Date: 2001-09-01
Revised Date:

Legal Cites

Object Type

Cash — Other Revenue

Origin Date

Description

To record the gain or loss on the sale of capital assets. Gains occur when an asset is sold for more than the book value. Loss occurs when the sale is for less than the book value. This code may be used for gains and losses that are not restricted to be used for any program.

Due Date

At time of sale

Collecting Agencies

Deposit Funds

Note

USAS Values

Appropriation Year 24
USAS Title GAIN/LOSS ON CAPTL ASSETS-GEN, NON PROG
Receipt Category 14 – Other
Receipt Type 93 – Sale of Capital Assets
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 05 – OTHER REVENUE