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GENEP~AL FIXED ASSETS ACCOUNT GROUP <br /> <br />The General Fixed Assets Account Group is a self-balancing set of accounts <br />established to provide accounting control over the fixed assets not used in <br />proprietary fund operations. These general fixed assets are accounted for in <br />this group of accounts rather than in the respective governmental funds. All <br />fixed assets are recorded at historical cost, if purchased. Donated fixed <br />assets are valued at their estimated fair market value on the date of donation. <br />No depreciation has been provided on general fixed assets. <br /> <br /> <br />