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Instructions for Form ACFR-12 Inventory Log for Leases (Gasb-87) - Vermont
This document contains official instructions for Form ACFR-12 , Inventory Log for Leases (Gasb-87) - a form released and collected by the Vermont Department of Finance & Management.
FAQ
Q: What is Form ACFR-12?A: Form ACFR-12 is an inventory log for leases (GASB-87) in Vermont.
Q: Who needs to fill out Form ACFR-12?A: Anyone who is leasing property in Vermont and is required to comply with GASB-87 reporting guidelines.
Q: What is GASB-87?A: GASB-87 refers to the accounting and financial reporting standards established by the Governmental Accounting Standards Board.
Q: What is the purpose of Form ACFR-12?A: The purpose of Form ACFR-12 is to track and report leased property information in compliance with GASB-87.
Q: How often do I need to fill out Form ACFR-12?A: Form ACFR-12 needs to be filled out annually.
Q: Are there any penalties for not filling out Form ACFR-12?A: Failure to comply with the reporting requirements of Form ACFR-12 may result in penalties or other enforcement actions.
Instruction Details:
- This 4-page document is available for download in PDF;
- Actual and applicable for the current year;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Vermont Department of Finance & Management.
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