using this website site I need to know in 300 words which capital projects are long lived assets and also from the same web site and about 300 words the reconciliation of government wide and fund financial statements.
Using this website site I need to know in 300 words which capital projects are long lived assets and also from the same web site and about 300 words the reconciliation of government wide and fund financial statements.
According to GASBS 36, Footnote 66 in the website http://www.ncosc.net/financial/08_cafr/index.html capital projects that are normally stationary in nature and normally can be preserved for a significantly greater number of years than most capital assets are long-lived capital assets. In particular infrastructure assets are long lived capital assets. The most common examples given in the website are roads, bridges, tunnels, drainage systems, water and sewerage system, sidewalks, curbs and gutters, parking lots, dams and lighting systems.
The website also includes buildings, except those that are an ancillary part of a network of infrastructure assets In particular, the website focuses on infrastructure assets that are long-lived capital assets like the road systems that include costs that are for motor vehicles that are not part of the State Department of Transportation road system. The cost of the road system includes lighting system, culvert, pavements, ...
Capital projects and report for CAFR for North Carolina is discussed in great detail in this solution.