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Case 3-1
Governor Jones is interested in passing a law to increase the use of community-based corrections in his state. He travels to Minnesota to meet with lawmakers to discuss their corrections system. Here he learns about Minnesota's Community Corrections Act.
-Governor Jones is also surprised to learn about the reasons why people are on probation. If Governor Jones' state is similar to national statistics, what offense have the largest percentage of probationers been convicted of?
Capital Assets
Long-term assets acquired for use in business operations, expected to be used or held for more than one financial period.
Capitalized
Costs that are recognized as part of an asset on the balance sheet rather than being expensed, often related to the acquisition or construction of a long-term asset.
Amortized
The process of gradually writing off the initial cost of an asset or loan over a period of time in a systematic and rational manner.
Deferred Contribution
Contributions or payments made to a fund or organization that are to be recognized as revenue over a future period.
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