Acton-Boxborough Regional School District Notes to Basic Financial Statements Year Ended June 30, 2024
NOTE 4 – CAPITAL ASSETS
Capital asset activity for the year ended June 30, 2024, was as follows:
Beginning
Ending Balance
Balance
Increases
Decreases
Capital assets not being depreciated: Land……………………………………………$ Construction in progress………………………
404,440$
- $
-
$
404,440
1,426,789
882,351
(2,309,140)
-
1,831,229
882,351
(2,309,140)
404,440
Total capital assets not being depreciated…
Capital assets being depreciated: Buildings………………………………….……$ 207,208,071 $ 4,745,842$
- $ 211,953,913
Right to use leased busses…………………… Machinery and equipment…………………… Vehicles……………………………………… Improvements…………………………………
1,850,421 2,654,180 1,154,840 14,171,178
772,193 507,725 77,228 757,254
(686,129)
1,936,485 3,161,905 1,222,197 14,928,432
-
(9,871)
-
227,038,690
6,860,242
(696,000)
233,202,932
Total capital assets being depreciated……
Less accumulated depreciation for: Buildings………………………………….…… Right to use leased busses…………………… Machinery and equipment…………………… Vehicles……………………………………… Improvements…………………………………
(48,798,401) (781,762) (1,473,454) (454,668) (3,936,334)
(5,393,340) (524,522) (133,730) (223,886) (805,900)
-
(54,191,741) (620,155) (1,607,184) (668,683) (4,742,234)
686,129
-
9,871
-
(7,081,378)
696,000
(61,829,997)
Total accumulated depreciation…………… (55,444,619)
171,594,071
(221,136)
-
171,372,935
Total capital assets being depreciated, net………
Total governmental activities capital assets, net…$ 173,425,300 $
661,215$ (2,309,140) $ 171,777,375
Depreciation expense is unallocated.
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