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

Furniture, Fixture, and Equipment Purchases

3180-Non Capital Equipment <$5,000
This account is for equipment with a per item cost less than $5,001.  Examples: Chairs, Printers, Bookshelves.

3185-C&G Non Capital Equip $1,000-$5,000
This account is used for Contract & Grants Non-computer equipment with a per item cost between $1,000 and $5,000.  For Restricted Fund use.

9000-Equipment/Furniture >$5,000
This account is used for the cost of equipment and furniture that is capitalized, with a cost greater than $5,000.00 per item.

9040-Equipment Non UNM Titled Gen
This account is used for equipment purchased through a contract or grant with a unit cost >$5,000, where title to equipment vests with the funding agency.

9060-Equipment Fabricated Gen
This account is used as a holding account for the costs associated with a fabricated (constructed) piece of equipment, which will have a unit cost >$5,000 when completed.  These costs will be Journal Vouchered to a Capital Account Code upon completion.

9300-Fixed Equipment Gen
This account includes the cost of fixed (installed, affixed, or attached to a building structure) equipment.