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Sub-Object Codes:

This segment further defines the object code classifications from the object segment. While it generally will default to zeros, it can be used to qualify the exact nature or source of a transaction. For example: capitalized vs. non-capitalized equipment. The idea is to avoid creating permutations of two classifying concepts, where using object codes only would result in long lists of repetitious combinations of two or more concepts. All capital object codes require sub-object codes.

Code
Cost
Description
0
 
None (Default)
1000

Equipment between $1,000 and $5,000
Land, buildings, or improvements >$5,000

Capital - to be Inventoried
1500

Equipment < $1,000
Land, buildings or improvements <=$5,000
Land, building or improvement that is a replacement or repair

Non-Capital
5000
Equipment >= $5,000
Capital - Depreciable

Exceptions:

  • Modular furniture is never considered capital, regardless of cost.
  • Software is never considered capital, regardless of cost.
  • Firearms are always considered capital, regardless of cost
  • Computers are always considered capital, regardless of cost
  • Licensed vehicles
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Maricopa Community Colleges

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