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1. GASB standards require certain disclosures about capital assets in the notes to the financial statements: what are the disclosures? 2. What qualifies an asset

1. GASB standards require certain disclosures about capital assets in the notes to the financial statements: what are the disclosures?

2. What qualifies an asset as a general capital asset?

3. If an asset is classified as a general capital asset how must in be reported in the financial statements?

4. Do you agree with the classification and reporting required for general capital assets?

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