A government must capitalize the cost of improvements such as roads,bridges,sidewalks,and so forth,because the GASB requires the cost of such assets to be displayed in the basic financial statements.
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Q14: When a bond issue is legally authorized
Q15: General capital assets acquired under capital leases
Q16: If land purchased by a city's proprietary
Q18: In a capital projects fund the offsetting
Q18: One of the required general capital asset
Q20: General capital assets must be depreciated and
Q21: Equipment in general governmental service that had
Q22: Even though the life of a capital
Q23: The recorded premium on tax-supported bonds issued
Q27: Construction contracts for governmental projects often provide
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