Section: 2204 Amortization

Date: Aug 2009

The policy has been reformatted and realigned for consistency with best practice.

Also, the maximum amortization period for betterments was adjusted to properly account for the useful life of the asset which has been improved. The maximum amortization period no longer includes the useful life of the betterment as an alternative. Only the useful life of the asset is to be used.

Approval of this Policy is within the scope of powers and duties entrusted to the Comptroller General in accordance with section 12(2) of the Financial Administration Act and FAM Policy 1042, Directive 4.4.

Contact:

Financial Policy
Accounting Services
Department of Finance
Government of the Northwest Territories
Phone: (867) 920-3401
Email: FAM@gov.nt.ca