Tub: 580 Record gross sales price as gain on sale Object code: 5772, “Gain on Sale, Capital Asset” Root: cash is held centrally, HRES’ balance sheet is automatically debited via object code 0375, to/from “Due Consolidated Tub” Part 2: To remove the asset and accumulated depreciation from the general ledger, FAR the asset from “Retires” Oracle Fixed Assets. The following entries are automatically generated: Object Code Credit Line Description Tub: 580 210,000 Remove accumulated depreciation Object code: 1630, “Facility Building Accumulated Depreciation” Root: Tub: 580 490,000 Oracle Assets will automatically generate Object code: 8722, on the loss. The funds received will be manually “Loss Sale of Disposal of Capital applied in a separate step. Asset” Fund: 723001 Root: Tub: 580 700,000 Remove original cost of building Object code: 1200, “Facility Building PIS” Root: 06207 Part 3: To pay off outstanding debt on building Object Code Debit Credit Line Description Tub: 580 450,000 To charge Principal Prepayment Object code: 3000, to/from “Transfers Unrestricted Designated Balances” Tub: 640 450,000 To record loan payment receivable - Prepayment Object code: 3000, to/from Funds “Transfers Invested in Plant” Tub 580 5,000 To charge interest payment for prepayment Object Code: 7401, Placed in Service “Facilities Loan Pool Interest Expense” Tub 640 5,000 To record interest receivable prepayment Object Code: 7401, Placed in Service “Facilities Loan Pool Interest Expense” Tub 580 450,000 To transfer to equity for principal Object Code: 9319, prepayment “Trsf to/from Invested in Plant-Debt Pymt-Write off of Retired Assets”
Tub: 580 Object code: 5772, “Gain on Sale, Capital Asset” Root: Record gross sales price as gain on sale cash is held centrally, HRES’ balance sheet is automatically debited via object code 0375, “Due to/from Consolidated Tub” Part 2: To remove the asset and accumulated depreciation from the general ledger, FAR “Retires” the asset from Oracle Fixed Assets. The following entries are automatically generated: Object Code Credit Line Description Tub: 580 Object code: 1630, “Facility Building Accumulated Depreciation” Root: 210,000 Remove accumulated depreciation Tub: 580 Object code: 8722, “Loss on Sale of Disposal of Capital Asset” Fund: 723001 Root: 490,000 Oracle Assets will automatically generate the loss. The funds received will be manually applied in a separate step. Tub: 580 Object code: 1200, “Facility Building PIS” Root: 06207 700,000 Remove original cost of building Part 3: To pay off outstanding debt on building Object Code Debit Credit Line Description Tub: 580 Object code: 3000, “Transfers to/from Unrestricted Designated Balances” 450,000 To charge Principal Prepayment Tub: 640 Object code: 3000, “Transfers to/from Funds Invested in Plant” 450,000 To record loan payment receivable - Prepayment Tub 580 Object Code: 7401, “Facilities Placed in Service Loan Pool Interest Expense” 5,000 To charge interest payment for prepayment Tub 640 Object Code: 7401, “Facilities Placed in Service Loan Pool Interest Expense” 5,000 To record interest receivable prepayment Tub 580 Object Code: 9319, “Trsf to/from Invested in Plant-Debt Pymt-Write off of Retired Assets” 450,000 To transfer to equity for principal prepayment
appendix_d_dis_and_imp_0.docx