Brief history of property and depreciation accounting in municipal accounting

Authors

James Harrel Potts

Other Form of Name

Potts, James Harrel, 1932-

Publication Date

1982

Abstract

Generally accepted accounting principles require the exclusion of permanent property and the non-recognition of depreciation in most governmental funds. Although this issue was settled in the early 1930s fervent debate continued as to the merits of this practice from 1895 to around 1925. Several prominent accountants argued for the inclusion of permanent property and the recognition of depreciation in governmental funds during this earlier period.

Recommended Citation

Potts, James Harrel (1982) "Brief history of property and depreciation accounting in municipal accounting," Accounting Historians Journal: Vol. 9: Iss. 1, Article 2.
Available at: https://egrove.olemiss.edu/aah_journal/vol9/iss1/2