Fixed Asset Object Codes

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Distribution

Director of Fixed Assets Accounting

FA Administrator

FA Plant Funds Manager

FA Specialist

Ownership

The Director of Fixed Assets Accounting is responsible for ensuring that this document is necessary, reflects actual practice, and supports University.

Major Category	Object Code	GL Description	Type
	Asset Cost
Land	1701	FA-Land	Asset
Improvements Other Than Buildings	1702	FA-Improvements Other Than Buildings	Asset
Infrastructure	1703	FA-Infrastructure	Asset
Building	1704	FA-Building	Asset
Equipment	1705	FA-Equipment	Asset
Non-UVA Owned Assets	1706	FA-Non-UVA Owned Assets	Asset
	Asset Clearing Account
Land	1741	FA-Land Clearing	Asset
Improvements Other Than Buildings	Refer to CIP Clearing Acct	Refer to CIP Clearing Acct	Asset
Infrastructure	Refer to CIP Clearing Acct	Refer to CIP Clearing Acct	Asset
Building	Refer to CIP Clearing Acct	Refer to CIP Clearing Acct	Asset
Equipment			Asset
Non-UVA Owned Assets	1742	FA-Non-UVA Owned Assets Clearing	Asset
	Depreciation Reserve Account
Land	1731	FA-Land Depreciation Reserve	Asset
Improvements Other Than Buildings	1732	FA-Improvements Other Than Buildings Depreciation Reserve	Asset
Infrastructure	1733	FA-Infrastructure Depreciation Reserve	Asset
Building	1734	FA-Building Depreciation Reserve	Asset
Equipment	1735	FA-Equipment Depreciation Reserve	Asset
Non-UVA Owned Assets	1736	FA-Non-UVA Owned Assets Depreciation Reserve	Asset
	Depreciation (Expense) Cost Account
Land	8581	Land Depreciation Expense	Expense
Improvements Other Than Buildings	8582	Improvements Other Than Buildings Depreciation Expense	Expense
Infrastructure	8583	Infrastructure Depreciation Expense	Expense
Building	8584	Building Depreciation Expense	Expense
Equipment	8585	Equipment Depreciation Expense	Expense
Non-UVA Owned Assets	8586	Non-UVA Owned Assets Depreciation Expense	Expense
	Other Object Code
Proceeds of Sale Clearing Account	1670	FA- Sale/Removal Clearing Account	Asset
Cost of Removal Clearing Account	1670	FA- Removal Clearing Account	Asset
Proceeds of Sale Gain Account	4862	FA-Proceeds of Sale/Removal/NBV Gain Account	Revenue/Expense
Proceeds of Sale Loss Account	8571	FA-Proceeds of Sale/Removal/NBV Gain Account	Revenue/Expense
Cost of Removal Gain Account	4862	FA-Proceeds of Sale/Removal/NBV Gain Account	Revenue/Expense
Cost of Removal Loss Account	8571	FA-Proceeds of Sale/Removal/NBV Gain Account	Revenue/Expense
Net Book Value Gain Account	4862	FA-Proceeds of Sale/Removal/NBV Gain Account	Revenue/Expense
Net Book Value Loss Account	8571	FA-Proceeds of Sale/Removal/NBV Gain Account	Revenue/Expense

Effective: 05/03/04

Revision: 2 03/09/04

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