On the statement of net position of proprietary funds, how is net investment in capital assets calculated?

Question

Quizplus · Accepted Answer

Net investment in capital assets is calculated as the cost of capital assets, net of accumulated depreciation, less the outstanding principal of related debt. This reflects the net amount invested in capital assets after accounting for their use (depreciation) and the remaining amount owed on any debt taken to finance those assets.

On the Statement of Net Position of Proprietary Funds, How