Cal. Code Regs. tit. 2 § 1051.6
Current through Register 2024 Notice Reg. No. 41, October 11, 2024
Fixed assets acquired through grants-in-aid from the federal government shall be capitalized in the same manner as other assets. However, depreciation of such assets is not a charge against operations, but shall be treated as a direct reduction of the FAA grant-in-aid account.
Cal. Code Regs. Tit. 2, § 1051.6