1. Describe the nature and characteristics of general capital assets.
2. Identify types of general long term assets and their accounting and valuation features.
3. How general long term assets and related depreciation are reported in both fund level (expenditure capital outlay) and governmental activates (capital assets)?
4. What are infrastructure assets, the depreciation rules for eligible infrastructure assets (modified approach)?
5. Explain the purpose, characteristics, and typical financing sources of a capital projects fund.