Although Statement No. 34 requires that infrastructure assets be accounted for similarly to other capital assets, it

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Although Statement No. 34 requires that infrastructure assets be accounted for similarly to other capital assets, it allows for a major exception with regard to depreciation. What is that exception?

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Core Concepts of Government and Not For Profit Accounting

ISBN: 978-0471737926

2nd edition

Authors: Michael H. Granof, Penelope S. Wardlow

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Question Posted: Apr 29, 2015 02:30 AM

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Infrastructure assets are accounted for similarly to other capital assets, it allows for a major exception with regard to depreciation. What is that exception?
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Although Statement No. 34 requires that infrastructure assets be accounted for similarly to other capital assets, it

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If a government satisfies certain conditions then it need not charge depreciation ...View the full answer

Core Concepts of Government and Not For Profit Accounting

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