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Instructions for Form ACFR-3
for the current year.
Instructions for Form ACFR-3 Capital Asset Impairment Form - Vermont
This document contains official instructions for Form ACFR-3 , Capital Asset Impairment Form - a form released and collected by the Vermont Department of Finance & Management.
FAQ
Q: What is Form ACFR-3?
A: Form ACFR-3 is the Capital Asset Impairment Form for Vermont.
Q: What is a capital asset impairment?
A: A capital asset impairment refers to a decrease in the value of a long-term asset.
Q: Who needs to complete Form ACFR-3?
A: Vermont entities that have experienced a capital asset impairment need to complete Form ACFR-3.
Q: What information do I need to provide on Form ACFR-3?
A: You will need to provide details about the impaired asset, its original cost, current value, and the reason for impairment.
Q: When is the deadline for submitting Form ACFR-3?
A: The deadline for submitting Form ACFR-3 varies, so you should check the instructions or contact the relevant agency for the specific deadline.
Q: Is there a fee for submitting Form ACFR-3?
A: There is no fee for submitting Form ACFR-3.
Q: What happens after I submit Form ACFR-3?
A: After you submit Form ACFR-3, the appropriate agency will review the information and may contact you for further clarification or documentation.
Q: Can I amend or update Form ACFR-3?
A: Yes, you can amend or update Form ACFR-3 if there are changes or corrections to be made. Contact the relevant agency for instructions on how to do so.
Instruction Details:
- This 1-page document is available for download in PDF;
- Actual and applicable for the current year;
- Complete, printable, and free.
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