FIXED ASSETS INSTRUCTIONS FOR BANNER.pdf

L4 – LAB – Lab Equip (Non-Computer) 15 YrL5 – LAB – Lab Equip (Non-Computer) 20 YrM1 – MNT – Maintenance Equip 5 Yr LifeM2 – MNT – Maintenance Equip 7 Yr LifeM3 – MNT – Maintenance Equip 10 Yr LifeM4 – MNT – Maintenance Equip 15 Yr LifeO1 – OFF – Office Equip, 5 Year LifeO2 – OFF – Office Equip, 10 Year LifeO3 – OFF – Office Equip, 15 Year LifeP1 – AV – Audio VisualQ1 – OTH – Other Equipment 4 Yr LifeQ2 – OTH – Other Equipment 7 Yr LifeQ4 – OTH – Other Equipment 15 Yr LifeQ5 – OTH – Other Equipment 30 Yr LifeR1 – CLA – Classroom Equip 5 Yr LifeR2 – CLA – Classroom Equip 7 Yr LifeR3 – CLA – Classroom Equip 10 Yr LifeT1 – TEL – Telephone EquipmentV1 – VEH – Auto’s (Car/Van) 3 Yr LifeV2 – VEH – Bus 5 Yr LifeV3 – VEH – Trucks (Dump, Trash) 7 Yr LifeV4 – VEH – Boats 10 Year LifeX1 – NONS – Non State Supported FundsZ1 – ART – Fine ArtsTab to the User Status Code field. Enter the one letter code or click on the gray box and select the desiredcode. The letter “R” is used most often.The Insurance Value, Market Value, Replacement Value and Book Value are all user-defined items.These fields are optional.The Cost field is the unadjusted cost of the asset when it was originally capitalized. This will default.The Total Cost is the original cost of the asset plus (or minus for credit memos) the original cost of anyattachments. This field will default.The Net Book Value field is the original cost of an asset plus adjustments less accumulated depreciation.This field will default.The Total Net Book Value includes attachments plus or minus adjustments less accumulated depreciationfor the primary asset. This field will default.