What does the carrying value of tangible capital assets represent to government?
A)Source of future cash flows from the capital assets
B)Tax value of the capital assets
C)Acquisition cost of Crown assets
D)Unexpired service potential of the capital assets

Question

Quizplus · Accepted Answer

The carrying value of tangible capital assets represents the unexpired service potential of the assets. This is the value that remains after accounting for depreciation and amortization expenses. It represents the value of the asset that can still be used by the government to provide services to its citizens, and is an important factor in determining the overall financial health of the government.

What Does the Carrying Value of Tangible Capital Assets Represent