Proceeds of debt issued for the construction or acquisition of capital assets are recognized by the capital projects fund as "other financing sources" and as a liability in the governmental activities journal.
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Q8: Depreciation of general capital assets for the
Q9: In the capital projects fund general journal,
Q10: GASB allows governments with a population below
Q11: While the GASB encourages capitalization of all
Q12: General capital assets should be distinguished from
Q14: Capital projects funds should use the accrual
Q15: Intangible assets are defined by the GASB
Q16: It is common practice for a portion
Q17: Capital projects funds generally do not use
Q18: General capital assets purchased or constructed with
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