Per GASB standards, governments must report general capital assets or depreciation in governmental funds.

Name: Per GASB standards, governments must report general capital assets or depreciation in governmental funds.
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According to GASB standards, general capital assets and depreciation are not reported in the governmental funds financial statements. Instead, they are reported in the government-wide financial statements, which present a broader view of the government's finances.

Per GASB Standards, Governments Must Report General Capital Assets or Depreciation