국가자산 평가 및 감가상각방안에 관한 연구

Korean central government adopted accrual basis accounting system in 2007 to provide the substantial financial information of government to encompass the assets they control, the liabilities they have incurred, and the related revenues and expenses. Capital asset is so important in government financial statements in terms of having fairly large portion of all government asset and long-lived useful operating lives extending beyond a single reporting period. Capital assets include land, improvements to land, buildings, building improvements, vehicles, equipment, works of art and historical treasures, infrastructure, and all other tangible or intangible assets. Infrastructure assets are specially complicated assets in terms of depreciation in that normally are stationary in nature and can be preserved for a significantly greater number of years than most capital assets. This study reviews cases of capital asset recognition, measurement including revaluation and depreciation method, useful lives of countries which already adopted accrual basis accounting and International Public Sector Accounting Standards and suggests proper alternatives for implementation of government capital asset accounting and depreciation.