02.36 Fixed Assets/Accumulated Depreciation (A8000-A8999)
Code:
A8124
This account code should be used to capitalize the expenditures for improvements that ready land for its intended use and that deteriorate with use or the passage of time. Charges from the Physical Plant and other service activities for land improvements are also included. Examples include:
- Parking Lots
- Fencing and gates
- Paths
- Retaining Walls
- Tennis Court
- Athletic Field
- Golf course
Improvements that increase the value by less than $5,000 are coded as maintenance (see account codes 235xx - Maintenance and Repairs).