What other note disclosures are made regarding fixed assets

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Reference no: EM131908481

Problem

Look at the city of grand rapids CARF, ended juce 2016 and answer the following question: Do the notes describe the accounting policy for acquisitions of general fixed assets? Does the disclosure clearly indicate that depreciation expense is not recorded in governmental funds? Do the notes disclose the policy regarding reporting of infrastructure assets? Do you believe infrastructure should be capitalized? Why or why not? What other note disclosures are made regarding fixed assets?

Reference no: EM131908481

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