While the GASB encourages capitalization of all collections or individual works of art or historical treasures, governments can opt not to capitalize if certain conditions exist.
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Q6: Interest incurred during construction of general capital
Q7: Acquisition of a general capital asset represents
Q8: Depreciation of general capital assets for the
Q9: In the capital projects fund general journal,
Q10: GASB allows governments with a population below
Q12: General capital assets should be distinguished from
Q13: Proceeds of debt issued for the construction
Q14: Capital projects funds should use the accrual
Q15: Intangible assets are defined by the GASB
Q16: It is common practice for a portion
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