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Property Accounting Capital component guide

When a project is under review for capitalization its costs must be reconciled between the costs from the purchase review process & those costs established within the fiscal year ledger. After the costs are reconciled then the total costs must be componentized and the very best way to establish a basis for componentization is to get a hold of the projects AIA (American Institute of Architects) document. This document will breakdown the costs according to the specific tasks of the project and many times there is a budget amount with each line expenditure total.

Now I will assign a SAR (standard asset record) code to each line item and below is a matrix of the general cost category and the SAR I assign to each line. Now as a guide for Service System category items, it should be a cost category that carries communication data, liquid, gas, steam or electric.

Note: when the SAR code is tagged as 'Allocate' this means is that these costs will be allocated to actual SAR code categories as supporting costs.