Stewardship assets are long-lived assets that are not given balance sheet recognition by the federal government.

Question

Quizplus · Accepted Answer

Stewardship assets, such as national parks and monuments, are indeed long-lived assets that the federal government does not recognize on the balance sheet because they do not directly generate revenues or have a clear economic value that can be quantified in financial terms.

Stewardship Assets Are Long-Lived Assets That Are Not Given Balance