GASB has issued guidance requiring the separate disclosure of certain types of capital assets in note disclosures.
Statement No. 104, Disclosure of Certain Capital Assets, also establishes requirements for capital assets held for sale and mandates additional disclosures for those assets.
Four types of assets must now be disclosed separately: lease assets, intangible right-to-use assets, subscription assets, and other intangible assets not covered in the previous categories. Learn more.