Assets · Capital Assets
1240 Capital Assets – Equipment/Vehicles
Since 2026.03
- What it is
- Capital assets – equipment/vehicles includes movable equipment, machinery, technology, and vehicles used in operations.
- Accounting standard
- Equipment and vehicles are capitalized and depreciated over estimated useful lives per capitalization policy thresholds.
- Accounting note
- Tag assets; track VIN/serial; document capitalization thresholds; record disposals and trade-ins.
- Examples
- Fire apparatus; police vehicles; servers; heavy equipment; radios.
- Do not use for
- Supplies below capitalization threshold (expense objects 5000–5999).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 40 R03 Capital assets: EquipmentCAP_ASSET_EQUIP Government-wide item; record in the conversion ledger (980). |
| Government-wide ledger (980) | Form 40 R03 Capital assets: EquipmentCAP_ASSET_EQUIP Government-wide item; record in the conversion ledger (980). |
| Enterprise funds (water example) | Form 38 R18 EquipmentENT_EQUIP Enterprise or internal service column. |
| Internal service funds | Form 38 R18 EquipmentINT_SERV_EQUIP Enterprise or internal service column. |
| Fiduciary funds (pension trust example) | Form 39 R15.6 Other Capital Assets Net of DepreciationPEN_OTHER_EE_BEN_TRUST_CAP_ASSETS_NET Column for the trust or custodial fund type. |
Enterprise placement is shown for a water fund; other enterprise funds use the same line on their own form. Check any combination in the FTR finder.