The carrying value of tangible capital assets represents a source of future cash flows from the capital assets to the government.

Name: The carrying value of tangible capital assets represents a source of future cash flows from the capital assets to the government.
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Question

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The carrying value of tangible capital assets represents the historical cost minus depreciation and impairment losses, not directly future cash flows, as these assets are used in operations rather than being sources of cash.

The Carrying Value of Tangible Capital Assets Represents a Source