... grant for road repairs. $300,000 was received as a gift for establishment of a permanent fund for the • maintenance of the city cemetery. $100,000 in charges for services was assumed to be for ... includes fines and forfeitsRecord the receivable (and an allowance for uncollectibles) when an enforceable claim exits.Revenues should be recognized in the period for which the taxes are ... assets would be capitalized. For example, assume a government expends the following for infrastructure: $2,000,000 for general repairs (always expensed); $2,500,000 for improvements that extend...