When a government entity accounts for capital assets what basis are these assets accounted for? Are they
Fantastic news! We've Found the answer you've been seeking!
Question:
When a government entity accounts for capital assets what basis are these assets accounted for? Are they allowed to use market value? If there is rapid inflation would they be allowed to use market value for an asset?
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
Posted Date: