ACCOUNT NUMBER 2361, NON-DEPRECIABLE INFRASTRUCTURE - 10434.1
(New: 09/2010)
Normal Balance: Debit
Purpose: This account shows the cost or appraised value of state-owned roadways and bridges on the State Highway System that are accounted for and reported using the modified approach allowed pursuant to GASB Statement Number 34. Under the modified approach, Caltrans does not report depreciation expense for roads and bridges but capitalizes all costs that add to the capacity and efficiency of the state-owned roads and bridges. All maintenance and preservation costs are expensed and not capitalized.
Subsidiaries: Property Ledger
Normal Entries:
|
Entry Number |
Debits |
Entry Number |
Credits |
|
20. |
Infrastructure is acquired |
21. |
Infrastructure is disposed of. |
Revisions
No Revisions for this item.
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