Government Reporting - Fixed Assets April 2016
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Transcript of Government Reporting - Fixed Assets April 2016
GOV'T ACCOUNTING
FIXED ASSETREPORTING
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I n t h i s s e c t i o n w e w i l l c o v e r :uraccounted4accounting.com
Statement ofNet Position
I n t h i s s e c t i o n w e w i l l c o v e r :
Statement ofNet PositionAsset Side
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I n t h i s s e c t i o n w e w i l l c o v e r :
Statement ofNet PositionAsset SideNet Position
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NYSCAFR3/31/15
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Deprec Assets $12,781
Acc Deprec $7,690
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I n M i l l i o n s
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DEBITS$81,007+ 5,091
= $86,098
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CREDITS
$69,286
DIFF $ 16 ,812???
L IAB I L I T I ES
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NET INVESTED INCAPITAL ASSETS
Basis- A/D
- Related Debt
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What's RelatedDebt?
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Think"MORTGAGE"
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You GottaKnow The
Relationship!
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Not All NetPositionIs Liquid
R e c a p o f w h a t w e c o v e r e d :
Report fixed assets netof accumulateddepreciation
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R e c a p o f w h a t w e c o v e r e d :
Report fixed assets netof accumulateddepreciation
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"Invested In CapitalAssets" is net of relateddebt
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