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To record equipment costing at least $500 but less than $1,500 during FY 1998-99 should the campus use sub 3 (supplies and expense) or sub 4 (equipment)?

April 26, 2017campus costing equipment FY record sub

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To record equipment costing at least $500 but less than $1,500 during FY 1998-99 should the campus use sub 3 (supplies and expense) or sub 4 (equipment)?

1 Answer

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For FY 1998-99, the campus should use sub 4 and code these purchases as equipment.