Manual GAAP Entry in the fund financing the purchase – Class Fund (CSU Account Account Name (Net Position) Program Fund) Amount Supplies and other 722004 881-Unrestricted 07 221 $xxx services Transfers to/from other 811-Net Investment in 724004 13 221 ($xxx) CSU campuses, net Capital Assets Journal Entry to reverse the supplies and other services entry made by AM in relation to the Description completed CWIP. Manual GAAP Entry in the CSU Fund 501 – Class Fund (CSU Account Account Name (Net Position) Program Fund) Amount Transfers to/from other 811-Net Investment in 724004 13 501 $xxx CSU campuses, net Capital Assets Net investment in capital 811-Net investment in 713811 90 501 ($xxx) assets capital assets Journal Entry to reverse the net investment in capital asset entry made in legal to zero out CWIP. Description For capital assets disposed of during the current fiscal year, the cost of the capital asset and accumulated depreciation/amortization must be removed from the ledger. Derived Asset Management automated Legal Memo Journal Entry in CSU Fund 501 Class Fund (CSU Account Account Name (Net Position) Program Fund) Amount Net investment in capital 811-Net investment in 713811 90 501 $xxx assets capital assets 811-Net investment in 711207* Capital assets, net 90 501 ($xxx) capital assets *Should equal the net book value of the capital asset which includes both equipment and accumulated depreciation. Asset Management Automated GAAP Entry Class Fund (CSU Account Account Name (Net Position) Program Fund) Amount Other nonoperating revenues 811-Net investment in 723006 50 501 $xxx (expenses) capital assets Net investment in capital 811-Net investment in 713811 90 501 ($xxx) assets capital assets
Manual GAAP Entry – in the fund financing the purchase Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 722004 Supplies and other services 881-Unrestricted 07 221 $xxx 724004 Transfers to/from other CSU campuses, net 811-Net Investment in Capital Assets 13 221 ($xxx) Journal Description Entry to reverse the supplies and other services entry made by AM in relation to the completed CWIP. Manual GAAP Entry – in the CSU Fund 501 Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 724004 Transfers to/from other CSU campuses, net 811-Net Investment in Capital Assets 13 501 $xxx 713811 Net investment in capital assets 811-Net investment in capital assets 90 501 ($xxx) Journal Description Entry to reverse the net investment in capital asset entry made in legal to zero out CWIP. For capital assets disposed of during the current fiscal year, the cost of the capital asset and accumulated depreciation/amortization must be removed from the ledger. Derived Asset Management automated Legal Memo Journal Entry in CSU Fund 501 Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 713811 Net investment in capital assets 811-Net investment in capital assets 90 501 $xxx 711207* Capital assets, net 811-Net investment in capital assets 90 501 ($xxx) *Should equal the net book value of the capital asset which includes both equipment and accumulated depreciation. Asset Management Automated GAAP Entry Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 723006 Other nonoperating revenues (expenses) 811-Net investment in capital assets 50 501 $xxx 713811 Net investment in capital assets 811-Net investment in capital assets 90 501 ($xxx)
CH_04.01.05_Capital_Assets_Depreciation_and_Amortization_Rev_2015-0811.docx