The General Fixed Assets Account Group is maintained to account for land, buildings, improvements, and equipment which are accounted for in the governmental type funds. Fixed Assets of the proprietary fund types and similar trusts and the Higher Education Funds are accounted for within those funds. Infrastructures, including highways, bridges, and rights-of-way are not capitalized.
The General Fixed Assets Account Group is stated at historical cost or estimated historical cost, with no provision made for depreciation.
Forward to Schedule of
General Fixed Assets by Source
Forward to Schedule of
General Fixed Assets by Function
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