What other note disclosures are made regarding fixed assets

Reference no: EM131908481

Problem

Look at the city of grand rapids CARF, ended juce 2016 and answer the following question: Do the notes describe the accounting policy for acquisitions of general fixed assets? Does the disclosure clearly indicate that depreciation expense is not recorded in governmental funds? Do the notes disclose the policy regarding reporting of infrastructure assets? Do you believe infrastructure should be capitalized? Why or why not? What other note disclosures are made regarding fixed assets?

Reference no: EM131908481

Questions Cloud

How much should be debited to the building account : When recording the acquisition of the property how much should be debited to the building account

Report for connecting to branches of hospital using wan : You need to do project report for the connecting to branches of the hospital using WAN network - Data flow diagrams Entity Relationship Diagram Model

Contrast centralized and decentralized ways of making laws : Central planning was the method used in the communist system for making commodities. It failed because the planners lacked the information and motivation.

Explain difference between job costing and product costing : Differentiate how the types of inventory affect calculations. Explain the difference between job costing and product costing

What other note disclosures are made regarding fixed assets : Look at the city of grand rapids CARF, ended juce 2016 and answer the following question: What other note disclosures are made regarding fixed assets?

Explain consequences of assumptions for setting filing fees : Assume that breach of business contracts strongly influences production, whereas property disputes in divorces affect distribution (but not production).

Calculate the number of shares of treasury stock : Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is

What is the margin of safety percentage : Hedman Corporation has provided the following contribution format income statement. What is the margin of safety percentage

Prepare the journal entries that were recorded : Prepare the journal entries that were recorded when each of the two bond issues was originally sold in 2003 and 2007.

User Account

All Pages