Title: 
Headings: 
1.
 
Capital
 
Assets
 
Definition

2.
 
Information
 
Needed
 
for
 
an
 
Inventory
 
Record

3.
  
Recording
 
Land

4.
 
Recording
 
Land
 
Improvements

5.
 
Recording
 
Buildings

6.
 
Recording
 
Building
 
Improvements

7.
 
Recording
 
Construction
 
in
 
Progress

8.
 
Recording
 
Machinery
 
and
 
Equipment

9.
 
Recording
 
Library
 
Books

10.
 
Recording
 
Vehicles

11.
 
Recording
 
Easements

12.
 
Recording
 
Works
 
of
 
Art
 
and
 
Historical
 
Treasures

13.
 
Establishing
 
and
 
Setting
 
the
 
Threshold
 
Levels
 
for
 
Recording
 
Capital
 
Assets

Exhibit
 
A-1
 
Governmental
 
Entities
 
with
 
Revenues
 
Less
 
Than
 
$10
 
million

Exhibit
 
A-2
 
Governmental
 
Entities
 
with
 
Revenues
 
between
 
$10
 
and
 
$100
 
million

Exhibit
 
A-3
 
Governmental
 
Entities
 
with
 
Revenues
 
exceeding
 
$100
 
million

14.
  
Depreciation
 
Definition

15.
 
Information
 
Needed
 
to
 
Calculate
 
Depreciation

16.
  
Obtaining
 
an
 
Asset’s
 
Cost
 
or
 
Acquisition
 
Value

17.
  
Asset’s
 
Salvage
 
Value

18.
  
Asset’s
 
Estimated
 
Useful
 
Life

 
19.
 
Depreciation
 
Methods
 
to
 
Calculate
 
an
 
Asset’s
 
Depreciation

 
Straight-line
 
Method

 
Composite
 
Methods

20.
 
Depreciating
 
an
 
Asset
 
that
 
was
 
not
 
Purchased
 
at
 
the
 
Beginning
 
of
 
a
 
Fiscal
 
Year

21.
 
Full-Month
 
Convention

22.
 
Half-Year
 
Convention

23.
 
Modified
 
Half-Year
 
Convention

And
 
disposed
 
of
 
in
            
the
        
            

24.
 
Mid-Month
 
Convention

25.
 
Mid-Quarter
 
Convention

26.
  
Reporting
 
Depreciation
 
Expense
 
in
 
the
 
Financial
 
Statements

27.
  
Reporting
 
Capital
 
Assets
 
in
 
the
 
Financial
 
Statements

both
  
the
  
historical
  
cost
  
and

 
28.
 
Infrastructure
 
Assets
 
-Determining
 
Historical
 
Cost
 
or
 
Estimated
 
Historical
 
Cost

Other
 
infrastructure
 
-

Entities
 
with
 
total
 
revenue
 
of
 
less
 
than
 
$10million

29.
 
Infrastructure
 
Assets
 
Not
 
Required
 
to
 
be
 
Depreciated

30.
  
Reporting
 
and
 
Recording
 
Adjudicated
 
Properties

31.
  
Implementation
 
Dates
 
for
 
GASB
 
34

PRICE
  
TRENDS
  
FOR
  
FEDERAL-AID
  
HIGHWAY
  
CONSTRUCTION
  
1/

ROADS
 
AND
 
BRIDGES
 
INFRASTRUCTURE
 
INFORMATION

                                   
(To
 
learn
 
how
 
to
 
use
 
this
 
information
 
for
 
implementing
 
GASB
 
34,click
 
here.)

PARISH

MUNICIPALITY

Detail
 
Listing
 
of
 
Roads
Detail
 
List
 
of
 
Bridges


Content: In
  
addition,
  
buildings
  
include
  
components
  
(e.g.,
  
roof,
  
air
conditioner
  
system,
  
etc.) that
  
should
  
be
  
recorded
  
separately
  
when
  
significant
  
because
  
these
building
  
components
  
have
  
different
  
useful
  
lives. The
  
value
  
of
  
each
  
component
  
needs
  
to
  
be
determined
 
and
 
placed
 
within
 
its
 
own
 
category. 6. Recording
 
Building
 
Improvements
Building
 
improvements
 
that
 
extend
 
the
 
useful
 
life
 
should
 
be
 
capitalized. Governmental
 
entities
should
 
therefore
 
review
 
major
 
maintenance
 
projects
 
for
 
the
 
last
 
several
 
years
 
to
 
determine
 
those
that
  
should
  
become
  
part
  
of
  
the
  
restatement
  
of
  
assets
  
for
  
purposes
  
of
  
complying
  
with
  
Statement
34. Examples
  
of
  
building
  
improvements
  
include
  
roofing
  
projects,
  
major
  
energy
  
conservation
projects,
  
or
  
remodeling
  
and
  
replacing
  
major
  
building
  
components. A
  
governmental
  
entity
  
will
need
  
to
  
determine
  
the
  
practicality
  
of
  
identification
  
of
  
these
  
projects
  
and
  
prepare
  
an
  
inventory. The
 
inventory
 
will
 
need
 
to
 
include
 
a
 
project
 
description,
 
the
 
year
 
completed,
 
funding
 
source
 
and
dollar
  
amounts. Only
  
those
  
projects
  
that
  
meet
  
the
  
capitalization
  
threshold
  
need
  
to
  
be
  
included.