N.D. Cent. Code § 54-27-21

Current through the 2023 Legislative Sessions

Section 54-27-21 - Fixed asset minimum reporting value

All state departments, agencies, boards, bureaus, commissions, industries, and institutions shall include all fixed assets under their control in their financial statements, except those having a value of five thousand dollars or less. The state auditor is authorized to provide for the written exemption of specific fixed assets having a value of more than five thousand dollars when an exemption is justified upon generally accepted accounting principles.

N.D.C.C. § 54-27-21