At the government-wide level,net assets related to capital assets should be reported as

Question

Quizplus · Accepted Answer

Net assets related to capital assets should be reported as invested in capital assets, net of related debt. This reflects the resources that have been invested in tangible or intangible assets that provide a long-term benefit to the government. The net asset figure is adjusted to reflect any debt incurred to finance the acquisition or construction of the assets, which results in the presentation of net assets invested in capital assets.

At the Government-Wide Level,net Assets Related to Capital Assets Should