Part III - UNM Finance: Practical Applications

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Standard Accounting Resource Manual (SARM)

MSC 0000 00
1 University of New Mexico
Albuquerque, NM 87131

Plant Maintenance or a Capital Improvement

Plant Maintenance: Routine replacement of worn items, even if expensive

Example- We are replacing all the electrical wiring in our building for $250,000. [It is replacement of a worn or obsolete item.  It costs less than $500,000.]

70xx accounts.  Call Inventory Control if unsure of exact account.

Capital Improvement: New equipment or renovations that are expensive

Example- We are constructing a $1,000,000 addition to our building, significantly expanding its size.  [It is a new item.  It costs more than $500,000]

9xxx accounts.  Call Inventory Control if unsure of exact account.