100
• These entries include the inventory, purchase, or sale of capital items that are depreciated. Capital inventory is the amount of money the student has invested in capital items such as buildings, equipment, machinery, loans, and capital sales. Consumable supplies are not included in capital inventory. Students keep a record of capital inventory for all enterprises in the same record book table. Grouping capital items by enterprise is required (You will pick from a pull down menu).
• The capital inventory has columns for date, item, description, enterprise, capital item sold, money borrowed, and principal payments. Each entry should be made as the transaction occurs, chronologically by enterprise.
• At the end of the year, totals should be created for each enterprise. The enterprise totals are used on the labor and management earnings page of each enterprise.
• Students should enter information every time you either buy or sell a capital item or acquire a loan throughout the year.
• Placement SAEs usually do not complete this page.
• Several students might not have any capital inventory. If this is the case, put an ending date of 12/31/XX and in the item description type NONE. You should also make sure you mention that fact to the instructor for grading purposes.
What is Capital Inventory