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CAPITAL FIXED ASSET GUIDE For Financial Reporting Purposes CAR Group, State Auditor s Office Revised 5/31/2011 FIXED ASSET GUIDE Table of Contents Table of Contents .....................................................................................................................................................................................................
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What is capital fixed asset guide?
Capital fixed asset guide is a document that provides guidance on how to properly account for and report fixed assets within an organization.
Who is required to file capital fixed asset guide?
All businesses and organizations that have fixed assets are required to file a capital fixed asset guide.
How to fill out capital fixed asset guide?
To fill out a capital fixed asset guide, you need to gather information on all fixed assets owned by the organization and report them according to the guidelines provided.
What is the purpose of capital fixed asset guide?
The purpose of capital fixed asset guide is to ensure that fixed assets are properly accounted for and reported in financial statements.
What information must be reported on capital fixed asset guide?
Information such as the description of fixed assets, their acquisition cost, useful life, and depreciation method must be reported on capital fixed asset guide.
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