Deep Dish Discussions on Capitalization Thresholds

Capitalization thresholds are a "tangible" application of materiality in government financial statements. Government have discretion on setting this threshold, and it's not a one-size-fits-all decision. Panelists will discuss various factors they considered when setting thresholds, how capitalization thresholds impact different major classes of capital assets, and how they educated their internal stakeholders and communicated with their governing body about their threshold.