City Manager's Directives: No. 31 Flashcards Preview

Captains Test 2016 > City Manager's Directives: No. 31 > Flashcards

Flashcards in City Manager's Directives: No. 31 Deck (2)
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1
Q

According to CM Directive 31, what are the characteristics of a city fixed asset?

A
  • Must be tangible

- Must have a unit value of $5,000.00 before application of depreciation

2
Q

T or F: A fixed asset must not be part of or fabricated into another fixed asset?

A

TRUE

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