Should parks be classied as ordinary capital assets or as infrastructure Should the various elements that make up a park be classied separately Parks include lighting, rest rooms, sports elds, hiking and horse trails, roads, sewage systems, playground equipment, and concession stands ...

Per GASB Statement No 34 paragraph 19 Infrastructure assets are longlived capital assets that normal ...

Should parks be classied as ordinary capital assets or as infrastructure? Should the various elements that make

Question:

Should parks be classiﬁed as ordinary capital assets or as infrastructure? Should the various elements that make up a park be classiﬁed separately? Parks include lighting, rest rooms, sports ﬁelds, hiking and horse trails, roads, sewage systems, playground equipment, and concession stands.