FIXED ASSETS/ACCUMULATED DEPRECIATION: These account codes are used for capitalizing the expenditures for fixed assets and for recording the accumulated depreciation on those assets. These account codes are also used by auxiliary enterprise and service departments when purchasing personal property, but not for real property.

CAPITAL OUTLAY: These account codes are used for recording the expenditures for fixed assets, except for the personal property purchased by auxiliary enterprises and service departments.

DEPRECIATION EXPENSE: These account codes are used by Banner Fixed Assets to record the monthly depreciation expense on depreciable capitalized fixed assets.

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