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The University of Wisconsin System

CAPITAL-Land/Buildings Class Codes

NOTE: Capital assets are those items that individually cost at least $5,000, and have a useful life of one year or more, excluding codes 4650 and 49XX. Refer to Appendix 2 for guidance in making capital equipment decisions concerning component parts, replacements and enhancements, donated equipment, constructed and fabricated equipment or capital leases.

4810 - LAND (Include Grounds Number)

Land, easements, rights-of-way, other interests in land, recording fees, abstracts, property taxes associated with the purchase, survey fees of proposed land purchases, etc.

4815 - LAND - CAPITAL LEASES (Include Grounds Number)

Cost of payments made for leased land when the lease agreement meets the criteria of a capital lease.

4820 - LAND IMPROVEMENTS (Include Grounds Number)
(Include Social Security #/Tax Identification # for payments to individuals, sole proprietorships or partnerships)

All expenditures for improvements to lands such as fences, stone walls, roadways, bridges, ditches, dikes, drainage systems, fish rearing ponds, sewage lines, wells, water mains, landscaping, special assessment for land improvements, septic tanks, outdoor lighting, etc. Include payments to architects and consultants (external and internal) for designs, plans and specifications.

4850 - BUILDINGS AND ATTACHED FIXTURES (Include Building Number)
(Include Social Security #/Tax Identification # for payments to individuals, sole proprietorships or partnerships)

Costs associated with purchase or construction of UW-owned buildings, additions and betterments thereto. Include payments to architects and consultants (external and internal) for designs, plans and specifications. Costs which constitute a full betterment to a building should be charged to this code. Examples include addition of air-conditioning, an elevator system, security system, sprinkler system (fire prevention), etc. Use Code 3252 for maintenance and repair costs of buildings and attached fixtures which do not add to the value of the building. For replacement carpeting, use Code 3252. (Refer to Appendix 1 for guidelines relating to use of this code.)

4855 - BUILDINGS AND ATTACHED FIXTURES - CAPITAL LEASES (Include Building Number)
(Include Social Security #/Tax Identification # for payments to individuals, sole proprietorships or partnerships)

Cost of payments described in Code 4850 when the lease agreement meets the criteria of a capital lease.