534210-534240 - Buildings Purchased

  • 534210         Building Acquisition Costs
  • 534220         Legal and Recording Fees
  • 534230         Appraisal Fees
  • 534240         Right to Use - Buildings
    This account represents capitalizable costs during the fiscal year related to lease agreements for permanent structures accounted for under GASB Statement 87, Leases. This account is for use by governmental and proprietary funds, including component units of the State of North Carolina. These costs must be capitalized as part of the 127101 Right to Use Lease Asset at year end.