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capital assets

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account)


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42 of the Governmental Accounting Standards Board--Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries
42, Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries, requiring governments to report the effects of capital asset impairment in financial statements.
Spearheaded by Ray Monti, senior vice president, the expanded Capital Assets Management services will be integrated with the firm's Condition Assessment Survey (CAS) services.
 
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