In your initial post in this group discussion, list the government agency that you chose, along with the capital assets and debt service funds that it has reported in its CAFR. How are these assets and liabilities accounted for? What classifications does the organization report for its capital assets? Are there any infrastructure assets listed? If so, how are they accounted for? Does your local or state government use the modified approach or depreciation for the infrastructure assets? What disclosures have been provided related to the capital assets and long-term liabilities reported?
Government assets and liablilities
September 21st, 2020 admin
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