capital assets


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capital assets

pl n
(Accounting & Book-keeping) another name for fixed assets
Translations

capital assets

nplcapitale msg fisso
References in periodicals archive ?
Capital assets are frequently the largest dollar-valued asset on a government's statement of net position.
M2 EQUITYBITES-July 30, 2013-Sunset Capital Assets wraps up Green Bear Solutions takeover(C)2013 M2 COMMUNICATIONS http://www.
However, they do inherit the disadvantages of capital assets if a loss is sustained on disposition.
42 of the Governmental Accounting Standards Board--Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries
The GASB says that the guidance includes several disclosure requirements that will help financial statement users understand the nature and impact of impairment of capital assets.
42, Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries, requiring governments to report the effects of capital asset impairment in financial statements.
The court ruled that the lots in question were capital assets in the hands of the taxpayers.
GASB 34 permits latitude in how general capital assets are to be capitalized and reported, but many governments will expend significant effort dealing with the complexity of the capital asset requirements.
There is, paradoxically, no lender of last resort and no liquidity backup for income-producing capital assets.
According to Monti, the CAM approach begins with an engineering assessment of the condition of capital assets using a systematic, uniform, pre-programmed evaluation tool tailored to a specific facility, including cost estimates for the repair or replacement of deficiencies and recommended priorities for renewal, modernization and replacement projects.
VFA continues to build on our success in providing solutions that enable organizations to strategically manage their facility capital assets.
To help governments meet this challenge, the Government Finance Officers Association (GFOA) recently released a new book, Accounting for Capital Assets: A Guide for State and Local Governments, that comprehensively addresses accounting and financial reporting for capital assets (the contents are listed in Exhibit 1).

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