NCAS

Capital Assets - Non-Current (COA)

The term capital assets includes land, improvements to land, easements, buildings, building improvements, vehicles, machinery, furniture, equipment, works of art and historical treasures, infrastructure, and all other tangible or intangible assets that are used in operations and that have a normal life expectancy of more than two years.

LAND

  • 127000 Land / Land Improvements (Nondepreciable)

    • This account reflects the acquisition value of land owned by the State.  Purchased land is recorded at purchase price plus costs such as legal, recording fees, and land improvements consisting of betterments, other than buildings, that ready land for its intended use and produce permanent benefits. Examples of land improvements include site improvements such as excavation, fill, grading, and utility installation; removal, relocation, or reconstruction of property of others, such as railroads and telephone and power lines; retaining walls.  Donated land or land which is obtained by means other than purchase, is recorded at fair-market value based on appraisal at time of acquisition.  Land and land improvements are inexhaustible capital assets that should not be depreciated.

BUILDINGS

  • 127100 Buildings

    • This account includes the acquisition value of permanent structures owned by the State. Buildings purchased or constructed are valued at the purchase or contract price of fixtures attached to and forming a permanent part of such buildings including related signage. Buildings acquired by other than purchase are recorded at appraised value at time of acquisition (Note: See "Maintenance Policy" for guidelines on determining whether renovations should be capitalized or expensed.)

NC DOT HIGHWAY NETWORK

  • 127200 North Carolina DOT Highway Network

    • This infrastructure account is for use only by the NC Department of Transportation.

GENERAL INFRASTRUCTURE


Infrastructure assets are long-lived capital assets that normally are stationary in nature and normally can be preserved for a significantly greater number of years than most capital assets. Examples of infrastructure assets include roads, bridges, tunnels, drainage systems, water and sewer systems, dams, and lighting systems.
Note: Land and land improvements must be capitalized separately from road system infrastructure.
  • 127210 Road Systems

    • Includes roads designed for motor vehicle travel that are not part of the State Department of Transportation (DOT) road system. Road costs should include the costs of pavement, culverts, lighting systems, drainage systems, guardrails, markings, traffic control devices, signage, bridges, tunnels, and other buildings that are an ancillary part of the road system (e.g., road maintenance structures). [Note: Former account title - "Highways"]
     
  • 127220     Bridges

    • Bridges that are not part of a State DOT or other road system
     
  • 127230     Landscaping

    • Exclude land improvements that produce permanent benefits (see Land/Land Improvements)
  • 127240    Utility Systems

    • These include but are not limited to water distribution systems, sanitary sewer collection systems, natural gas systems, electrical distribution systems, and telecommunication/fiber optics systems that are independent of a single building. [Former account title - "Sewerages"]
     
  • 127250 Towers, Tanks, Wells
  • 127255     Dams
  • 127260 Fences
  • 127265     Exterior Lighting Systems

    • Pole lighting systems that are not part of a State DOT or other road system
  • 127270     Parking Areas

    • Includes parking lots and parking decks
  • 127280     Tunnels

    • Tunnels that are not part of a State DOT or other road system
  • 127290     Other Structures and Improvements

    • Includes sidewalks, curbs and gutters, irrigation systems, general signage, pedestrian bridges, paved paths, fountains, and swimming pools.

MACHINERY AND EQUIPMENT


This account subgroup includes machinery and equipment owned by the State that have a normal life expectancy of more than two years.
  • 127310 Furniture
  • 127320 Equipment
  • 127330 Motor Vehicles & Motorized Equipment
  • 127340 Livestock and Other Animals

ART, LITERATURE AND ARTIFACTS

  • 127400 Art, Literature, And Artifacts

    • This account includes works of art, literature, textbooks, library and learning resource collections, and other artifacts, whether held as individual items or in a collection, that are exhaustible (e.g., useful lives are diminished by display, educational, or research applications).
  • 127410 Art, Literature, and Artifacts - Nondepreciable

    • This account includes works or art, literature, textbooks, library and learning resource collections, and other artifacts, whether held as individual items or in a collection, that are inexhaustible.

INTANGIBLE ASSETS

  • 127500 Other Intangible Assets

    Former title is Intangible assets.  This account includes copyrights, trademarks, and land use rights (e.g., water, timber and mineral). Land use rights associated with property already owned by an agency should not be reported as intangible assets separate from the property. This account should not be used for permanent easements, patents  or computer software which all have separate NCAS accounts. 

  • 127510 Permanent  Easements – Nondepreciable

    Former title is Right-of-way easements.  Effective for FY 2010, this account is designated for permanent easements that are inexhaustible capital assets that should not be depreciated/amortized.

  • 127520 Patents

  • 127530 Computer Software

    Includes purchased or licensed software, internally generated software and websites. 

CONSTRUCTION IN PROGRESS AND ASSETS IN DEVELOPMENT

  • 127800 Construction In Progress

    This account consists of the total project costs from inception to the current date. This is a cumulative figure composed of prior and current year project costs. These figures are available from the Capital Improvement Fund Budget Code.

  • 127820  Patents in development
  • 127830  Computer software in development

ACCUMULATED DEPRECIATION/AMORTIZATION

This account subgroup records depreciation accumulated on property by periodic adjustments. When property is disposed of by sale, trade-in, etc., accumulated depreciation recorded for the item is removed from the records through journal entry.
  • 127900     Accumulated Depreciation - NC DOT Highway Network
  • 127910     Accumulated Depreciation - Buildings
  • 127920     Accumulated Depreciation - Other Structures and Improvements
  • 127930     Accumulated Depreciation - Motor Vehicles & Motorized Equipment
  • 127931     Accumulated Depreciation - Landscaping
  • 127932     Accumulated Depreciation - Towers, Tanks, Wells
  • 127933     Accumulated Depreciation - Fences
  • 127934     Accumulated Depreciation - Parking areas
  • 127935     Accumulated Depreciation - Furniture
  • 127936     Accumulated Depreciation - Equipment
  • 127937     Accumulated Depreciation - Livestock and Other Animals
  • 127940     Accumulated Depreciation - Art, Literature, and Artifacts
  • 127950     Accumulated Amortization – Other Intangible Assets
  • 127951     Accumulated Amortization – Patents
  • 127952     Accumulated Amortization – Computer Software
  • 127960     Accumulated Depreciation - Roads Systems (non-DOT)
  • 127961     Accumulated Depreciation - Bridges
  • 127962     Accumulated Depreciation - Utility Systems
  • 127963     Accumulated Depreciation - Dams
  • 127964     Accumulated Depreciation - Exterior Lighting Systems
  • 127965     Accumulated Depreciation - Tunnels