Fund: 000001 Tub 580 450,000 To transfer plant equity Object Code: 9301, to/from “Transfers Unrestricted Undesignated Balances” Fund: 723001 Part 4: To reclassify Loss on Disposal against Gain on Sale. Object Code Debit Credit Line Description Tub: 580 490,000 there is a net gain of $510,000 for the sale Object code: 5772, of this asset, reclassify the system recorded loss “Gain on Sale, Capital Asset” against the gain recorded in Part 1 above of Root: 06207 $1M. Tub: 580 490,000 Removes the loss on disposal of the building Object code: 8722, on from the CINA, resulting in a net gain of “Loss Sale of Disposal of Capital $510,000 Asset” Fund: 723001 Root: 06207 Part 5: To transfer plant equity to unrestricted net assets Object Code Debit Credit Line Description Tub: 580 490,000 Transfer equity to unrestricted net assets Object code: 9302, to/from “Transfers Unrestricted Designated Balances” Fund: 723001 Tub: 580 490,000 Transfer plant equity to unrestricted net assets Object code: 9320, to/from Funds “Transfers Invested in Plant - PIS - Purchases/Sales/Adjs” Fund: 052760 Summary of above journal entries: On October 12, 20X1, HRES (tub 580) transferred land and a building to UOS (tub 180). The land has a book value of $850,000. The building has a book value of $500,000, and the accumulated depreciation as of September 30, 20X1 was $25,000. As negotiated by the two tubs, UOS agreed to pay HRES an amount of $100,000. This building was not debt-financed, and there are no outstanding loans at the time of disposal.
Fund: 000001 Tub 580 Object Code: 9301, “Transfers to/from Unrestricted Undesignated Balances” Fund: 723001 450,000 To transfer plant equity Part 4: To reclassify Loss on Disposal against Gain on Sale. Object Code Debit Credit Line Description Tub: 580 Object code: 5772, “Gain on Sale, Capital Asset” Root: 06207 490,000 there is a net gain of $510,000 for the sale of this asset, reclassify the system recorded loss against the gain recorded in Part 1 above of $1M. Tub: 580 Object code: 8722, “Loss on Sale of Disposal of Capital Asset” Fund: 723001 Root: 06207 490,000 Removes the loss on disposal of the building from the CINA, resulting in a net gain of $510,000 Part 5: To transfer plant equity to unrestricted net assets Object Code Debit Credit Line Description Tub: 580 Object code: 9302, “Transfers to/from Unrestricted Designated Balances” Fund: 723001 490,000 Transfer equity to unrestricted net assets Tub: 580 Object code: 9320, “Transfers to/from Funds Invested in Plant - PIS - Purchases/Sales/Adjs” Fund: 052760 490,000 Transfer plant equity to unrestricted net assets Summary of above journal entries: On October 12, 20X1, HRES (tub 580) transferred land and a building to UOS (tub 180). The land has a book value of $850,000. The building has a book value of $500,000, and the accumulated depreciation as of September 30, 20X1 was $25,000. As negotiated by the two tubs, UOS agreed to pay HRES an amount of $100,000. This building was not debt-financed, and there are no outstanding loans at the time of disposal.
appendix_d_dis_and_imp_0.docx