If certain criteria are met, inexhaustible collections of ONPOs are not required to be capitalized or depreciated.

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If certain criteria are met, inexhaustible collections of ONPOs are not required to be capitalized or depreciated. Why is this so, and what accounting and reporting recognition, if any, is required for such inexhaustible collections?

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Governmental and Nonprofit Accounting Theory and Practice

ISBN: 978-0133799569

11th edition

Authors: Robert J. Freeman, Craig D. Shoulders, Dwayne N. McSwain, Robert B. Scott

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Question Posted: Apr 28, 2017 08:02 AM

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If certain criteria are met, inexhaustible collections of ONPOs are not required to be capitalized or depreciated.

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Governmental and Nonprofit Accounting Theory and Practice

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