1. At this link: https://www.gasb.org/exposuredocuments find the following exposure draft:
   • Disclosure and Classification of Certain Capital Assets
   • Exposure Draft Benefits and Costs
   • What is the most significant expected benefit of the statement?
   • What is the most significant expected cost of the statement?
   • Do the statement's benefits outweigh the costs or do the costs outweigh the benefits? What evidence did you use to reach your conclusion?

Answer rating: 100% (QA)

The exposure draft Disclosure and Classification of Certain Capital Assets published by the Governmental Accounting Standards Board GASB aims to improve the financial reporting of capital assets by en... View the full answer