17xxxx: Investment in Plant and Equipment

Search G/L Accts:

I. GENERAL

Duke University capitalizes acquisitions that meet both these criteria:

  • Costs $5,000 or more ($1.00 in case of library books, manuscripts, etc.)
  • Have an economic life exceeding two years

For further explanation of the capitalization policy refer to GAP 200.050, Plant & Equipment Capitalization.

Duke University departments do not use this series of G/L accounts when making purchases but instead use an appropriate 66xxxx G/L account. Plant Accounting is responsible for ensuring the proper 66xxxx G/L account is used and "closing out" the 66xxxx G/L accounts to the appropriate 17xxxx account at fiscal year end.

II. G/L ACCOUNT DEFINITIONS

Detail definitions of these G/L accounts can be found in 66xxxx, Plant and Equipment Acquisitions to be Capitalized section of expenses.

A. LAND AND LAND IMPROVEMENTS

170100 Land (Valid For: DUHS, Univ)
170200 Land Improvements (Valid For: DUHS, Univ)

B. BUILDINGS

171000 Building Shell (Valid For: DUHS, Univ)

C. UTILITIES AND BUILDING APPURTENANCES

172100 Building Service Machinery and Equipment (Valid For: DUHS, Univ)
172200 Other Building Facilities (Valid For: DUHS, Univ)
172300 Inside Piping and Wiring (Valid For: DUHS, Univ)
172400 Outside Piping and Wiring (Valid For: DUHS, Univ)
172700 Permanent Interior Furnishings (Valid For: DUHS, Univ)

D. MACHINERY AND EQUIPMENT

173900 Capitalized Leased Assets (Valid For: DUHS, Univ)
174000 Ships and Vessels (Valid For: DUHS, Univ)
175000 Machinery and Equipment (Valid For: DUHS, Univ)
175100 Vehicles (Valid For: DUHS, Univ)

E. NON-DUKE OWNED PROPERTY

174600 Agency Owned Real Property (Valid For: DUHS, Univ)
174700 Government Owned Property (Valid For: DUHS, Univ)
174800 Agency Owned Personal Property (Valid For: DUHS, Univ)
174900 Government and Agency Owned Property: Contra Account (Valid For: DUHS, Univ)

F. BOOKS AND FINE ART

176100 Newspapers and Periodicals (Valid For: DUHS, Univ)
176200 Library Major Sets (Valid For: DUHS, Univ)
176300 Library Monographs (Valid For: DUHS, Univ)
176400 Library Binding Charges (Valid For: DUHS, Univ)
176500 Duke Press and Library Exchange (Valid For: DUHS, Univ)
176600 Library Monographic Series (Valid For: DUHS, Univ)
176700 Library Non-Book Materials (Valid For: DUHS, Univ)
176800 Library Rare Books (Valid For: DUHS, Univ)
176900 Fine Art (Valid For: DUHS, Univ)

G. FURNITURE, FURNISHINGS, OFFICE MACHINES AND EQUIPMENT

177100 Furniture and Furnishings (Valid For: DUHS, Univ)
177200 Office Machines and Equipment (Valid For: DUHS, Univ)
177500 Construction/Renovation Minor Capital Acquisitions (Valid For: DUHS, Univ)

H. COMPUTERS AND SOFTWARE

177300 Midrange and Mainframe Computers (Valid For: DUHS, Univ)
177400 Personal Computers (Valid For: DUHS, Univ)
177600 Computer Software (Valid For: DUHS, Univ)
177700 Major Computer Software (Valid For: DUHS, Univ)

I. UNFINISHED PLANT EQUIPMENT

178000 Asset Under Construction: Buildings (Valid For: DUHS, Univ)
178300 Asset Under Construction: Equipment (Valid For: DUHS, Univ)

J. DUKE COMMUNICATIONS SYSTEM

178600 Station Apparatus (Valid For: DUHS, Univ)
178700 Station Connections (Valid For: DUHS, Univ)
178800 Central Office Switcher (Valid For: DUHS, Univ)
178900 Large Private Branch Exchange (Valid For: DUHS, Univ)
179000 Underground Cable (Valid For: DUHS, Univ)
179100 Burried Cable (Valid For: DUHS, Univ)
179400 Cablevision Apparatus (Valid For: DUHS, Univ)
179500 Underground Conduit and Manholes (Valid For: DUHS, Univ)
179600 Microwave Equipment (Valid For: DUHS, Univ)
179700 Microwave Tower (Valid For: DUHS, Univ)
179800 Accrued Capital Invoices (Valid For: DH, DRH, DHRH, Univ, DUHS, DUAP)
This G/L is used to accrue capital invoices in a Fixed Asset G/L that is excluded from the fixed asset settlement process.
179900 Asset Retirement Costs (Valid For: Financial Accounting & GAAP Reporting , DUHS Corporate Finance)
179901 PP&E Equipment (Valid For: DUHS Corporate Finance)
Account to record DAN PP&E Equipment.