What is infrastructure (according to GASB)?
Infrastructure assets are characterized by their long useful lives, arguably indefinite life. Examples include roads, bridges, water and sewer systems, drainage systems, etc.
If the infrastructure assets are properly maintained, they can have a much longer life than typical capital assets.
Infrastructure assets are characterized by their long useful lives, arguably indefinite life. Examples include roads, bridges, water and sewer systems, drainage systems, etc.
ReplyDeleteIf the infrastructure assets are properly maintained, they can have a much longer life than typical capital assets.
ReplyDelete