Capital Assets and Infrastructure Assets

Free CPA BAR (Business Analysis & Reporting) lesson in State and Local Governments. 18 min read, ~2,687 words.

Capital assets include land, buildings, improvements, machinery, equipment, infrastructure, construction in progress, and right-of-use lease assets, reported at historical cost less accumulated depreciation/amortization in government-wide statements. Infrastructure assets (roads, bridges, water systems, lighting) may use the modified approach (no depreciation if condition is maintained at or above an established level)...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Key Takeaways
• Exam Shortcuts

Learning objectives

• III.C3

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