Question
Required: Act as though you are a local government accountant, and your town is adopting this guidance for the first time. Write a brief email
Required: Act as though you are a local government accountant, and your town is adopting this guidance for the first time. Write a brief email (or memo) to your accounting supervisor explaining the requirement from the GASB Codification that requires infrastructure to be capitalized, and explain the options available for subsequently measuring infrastructure (depreciation versus the modified method). Emphasize that the town must select between these two options, and include your recommendation. Cite from authoritative literature as support for your email.
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