If a city or town raises the capitalization threshold, do the items formerly reported on the capital asset ledger under a lower threshold remain on the capital asset ledger? – IN.gov

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Governor Mike Braun

If a city or town raises the capitalization threshold, do the items formerly reported on the capital asset ledger under a lower threshold remain on the capital asset ledger?

May 27, 2022 20:55
Updated

No, items reported under the lower capitalization policy would be shown as deletions for the year in which the threshold was implemented.