California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 2 - State Controller
Subchapter 3 - Accounting Procedures for Special Districts
Article 2 - Water Utility Districts
Section 1041.6 - Fixed Assets
Universal Citation: 2 CA Code of Regs 1041.6
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Acquisitions of fixed assets are capitalized in accordance with enterprise accounting practice. Definitions and value and life tests for fixed asset recognition are those presented in Accounting For General Fixed Assets.
Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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