What is the Total US Government Spending for FY 2017? In FY 2017, total US government spending â federal, state, and local â is âguesstimatedâ to be $7.04 trillion, with federal $4.15 trillion; state $1.72 trillion; local $1.87 trillion. Total Spending Pie Chart for FY 2017.
Fixed equipment are assets which are usually attached and integral to the buildingâs function, although it might have a shorter life than that of the building.
Furniture, Fixtures and Equipment. The furniture, fixtures and equipment fixed asset category usually has a lower capitalization threshold than other fixed assets due to their lower acquisition costs. Desks, chairs, tables, couches, filing cabinets and movable partitions are part of your furniture fixed assets. Fixtures are anything attached to your building or structure that, if removed, would cause damage. Common fixed asset fixtures are installed lighting, sinks, faucets and rugs. Your copy machines, telephones, fax machines and postage meters are included as office equipment fixed assets.