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What Classes of Assets are Required Under GASB Statement 34?
•Non-Depreciable Asset Classes
–Land
–Land Improvements
–Construction in progress
–Infrastructure – modified approach
–Inexhaustible works of art & historical treasures
•Depreciable Asset Classes
–Infrastructure not using modified approach
–Buildings
–Building improvements
–Vehicles, machinery and equipment
–Exhaustible works of art, historical treasures
–Library materials