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Internet Exercises
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Read the article entitled "A Capital Budget for the Federal Government?" at the following website: http://www.brookings.edu/views/testimony/schultze/19980424.htm.

Required:

  • What are some of the reasons that Charles Schultze believes that capital budgeting would be an inappropriate accounting measure for the U.S. federal government?
  • Do you agree or disagree with Schultze's views?
  • Why does the author feel that local and state governments are better suited to use capital budgeting?





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