Question
GASB standards require that general capital assets be recorded in the government-wide statements at: A. Historical cost. B. Fair value at the financial statement date.
GASB standards require that general capital assets be recorded in the government-wide statements at:
| A. | Historical cost. |
| B. | Fair value at the financial statement date. |
| C. | Estimated cost at the financial statement date |
| D. | None of the above. |
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald Hilton, David Platt
10th edition
78025664, 978-0078025662
