What natural account (object code) should be used for equipment purchases?
If an item is over $5,000 and charged to a 4-xxxxx account, use 72600. If an item is over $5,000 and charged to a non- 4-xxxxx account, use 71000. If an item is over $5,000 and charged to a 7-7xxxx account, use 75000. If an item is less than $5,000 and has a useful life of more than 1 year, use natural account (object code) 22400, regardless of the fund source.
