Capital Asset Disclosures. Lynn County has prepared the followin

Capital Asset Disclosures. Lynn County has prepared the following schedule related to its capital asset activity for the fiscal year 2011. Lynn County has governmental activities only, with no business-type activities.


Capital Asset Disclosures. Lynn County has prepared the followin


Required
a. Does the above capital asset footnote disclosure comply with the GASB requirements? Explain.
b. Does the county use the modified approach to account for infrastructure assets? Explain.
c. What percentage of the useful life of the depreciable assetsremains?

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