Question
The period is another aspect of the differences. Most government funds are for a year or a single administrative period. Enterprise and Internal service funds
The period is another aspect of the differences. Most government funds are for a year or a single administrative period. Enterprise and Internal service funds have indefinite lives. Depreciation makes sense here as the lives are more than then current period.
Why are these lives indefinite, but a bridge is not?
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian Edition volume 2
013269008X, 978-0133122855, 133122859, 978-0132690089
