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Financial & Accounting Services

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Student Financial Services

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Frequently Asked Questions
Students & Parents
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Accounts Payable

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Budget & Financial Planning

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Endowment & Trusts

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External Financial Reports

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Fixed Assets

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Grants

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Insurance

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Monthly Reporting

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Payroll

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Forms

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Glossary

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Summary of Fixed Assets 
Land, buildings, and equipment are recorded at cost at date of acquisition or fair market value on the date received for donated items. Interest on borrowings used to finance facilities is capitalized during construction, net of any investment income earned through the temporary investment of project borrowings. Depreciation is calculated on the straight-line basis over the estimated useful life of the each class of component of depreciable asset. Estimated lives range from3 to 60 years.

Project Summary Request Form
Use this form to request new or additional project funding. Submit this form to Denise Cooke when it is completed.

Download the Project Summary Request form in Excel format.

Account Numbers 
Listing of standard account numbers used in project management

Questions and comments 
If you need to ask a question dealing with fixed asset issues, please contact one of those listed below or send e-mail to hackwok@wfu.edu. Fax documents to (336)758-3770.

Contact Name

Phone Number

Kathryn Hackworth,
Accountant, Fixed Assets

x4096

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Wake Forest
Wake Forest University • Winston-Salem, North Carolina • Information: 336.758.5255 | Feedback