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.
A fixed asset is an item that is used by a company in the operation of business. These items are usually expensive in nature and do not include inventory for resale or repair or spare parts inventory. Typically, an item is not considered to be an asset to be capitalized unless it has a useful life of at least one year.