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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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki
9th edition
9781483375014, 1483375013, 9781506300108, 1506300103, 978-1483375021
