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Depreciation expense on an Enterprise Funds capital assets must be reported as expenses in the funds operating statement. However, expenditures to maintain certain capital assets
Depreciation expense on an Enterprise Funds capital assets must be reported as expenses in the funds operating statement.
However, expenditures to maintain certain capital assets may be expensed in lieu of reporting depreciation. These capital
assets include
buildings.
infrastructure capital assets donated to the government.
infrastructure capital assets that meet specific criteria.
only infrastructure capital assets constructed or acquired prior to July 1, 1980.
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