Understanding GASB 104 Disclosure of Certain Capital Assets: Impacts and Implementation Steps
The Governmental Accounting Standards Board (GASB) recently issued Statement No. 104, titled “Disclosure of Certain Capital Assets,” which introduces significant changes to how governmental entities report and disclose capital assets. This article explores the impacts of GASB 104 and outlines the steps for its implementation. Purpose GASB believes that the breakout of intangible capital assets…
