ACIS+4124_5124+Chapter+5+Part+1+Student

ACIS+4124_5124+Chapter+5+Part+1+Student - ACIS 4124/5124...

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1 ACIS 4124/5124 Chapter 5 – Part 1 Accounting for General Capital Assets and Capital Projects
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2 Long-lived assets used by activities reported in governmental funds Distinguished from capital assets that are specifically associated with activities reported in proprietary and fiduciary funds What are General Capital Assets?
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3 Land Buildings Improvements Other than Buildings Machinery and Equipment Construction Work in Progress Infrastructure (e.g., roads, streets, bridges) Intangibles (e.g., patents, easements, water rights) Typical Classifications of General Capital Assets
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4 Tax-supported bonds Grants from other governmental units (e.g., federal or state grants) Transfers from other funds Gifts from individuals or organizations Special assessment bonds or taxes Capital leases Special development districts Typical Financing Sources for General Capital Assets
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5 Acquiring Capital Assets General capital assets are acquired from
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This note was uploaded on 03/28/2012 for the course ACIS 4124 taught by Professor Dr.easterwood during the Spring '12 term at Virginia Tech.

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ACIS+4124_5124+Chapter+5+Part+1+Student - ACIS 4124/5124...

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