Historical Costs:

        Your auditors will require a record of historical data on all assets of significant value to meet Generally Accepted Accounting Procedures (GAAP), including:










Capitalization Cutoff:

        Since our service provides BOTH Insurance and Property Accounting information, we appraise all assets for Insurance Reporting.  We use a Capitalization Cutoff amount (selected by the client) to eliminate smaller assets from appearing in the Property Accounting Reports.









GASB #34:

        The Government Accounting Standards Board’s (GASB) Statements #34 and #35 require government agencies to inventory and depreciate major fixed assets (buildings and equipment), including certain infrastructure items (roads, bridges and underground piping).  Valuations Northwest reports are designed to meet these new reporting standards and to give you the tools you need to receive an unqualified audit with respect to your fixed asset accounting.