1) General capital assets purchased or constructed with governemental fund resources are recorded in the governmental activities general leger at the government wide level.
2) Fiduciary funds do not account for property, plant, and equipment within the fund financial statements,
3) Because governemental funds account only for current financial resources, these funds do not record capital assets acquired by the funds.
4) Proprietary funds routinely account for capital assets used in their operations within the fund financial statements.