Thank you, Mr. Chair. Through the year-end process, there was identified that there were some assets that had an amortization life of over 40 years and they’re vertical assets or building assets. Our accounting policy states that the maximum life is 40 years, so we adjusted the life of those assets back from over 40 years to 40 years and that resulted in increased amortization expense to the department for those assets in the amount of $247,000. So it’s a non-cash item, but we still need to record the appropriation. Thank you.
Mr. Aumond on Committee Motion 21-17(4): Concurrence Of Supplementary Estimates (Infrastructure Expenditures), No. 4, 2011-2012, Carried
In the Legislative Assembly on March 12th, 2013. See this statement in context.
Committee Motion 21-17(4): Concurrence Of Supplementary Estimates (Infrastructure Expenditures), No. 4, 2011-2012, Carried
Consideration in Committee of the Whole of Bills and Other Matters
March 11th, 2013
Aumond
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