Intangible assets are defined by the GASB as capital assets that lack physical substance, have a useful life of more than one reporting period, and are nonfinancial in nature.
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Q10: GASB allows governments with a population below
Q11: While the GASB encourages capitalization of all
Q12: General capital assets should be distinguished from
Q13: Proceeds of debt issued for the construction
Q14: Capital projects funds should use the accrual
Q16: It is common practice for a portion
Q17: Capital projects funds generally do not use
Q18: General capital assets purchased or constructed with
Q19: Historical cost includes acquisition cost less any
Q20: General capital assets acquired under lease agreements
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