Year-end level from BEA, Fixed Asset Table 7.1B Current-Cost Net Stock of Government Fixed Assets; line 56, State and local, Equipment. Other quarter's levels are derived from year-end level, plus the quarterly unadjusted transactions calculated as gross investment ( FOF series FU215013023) less depreciation ( FOF series FU216330023), plus other volume changes and capital gains. Other volume changes are from unpublished BEA data on state and local government disaster losses on equipment (a portion of NIPA, Table 5.1 Saving and Investment by Sector, line 64, Disaster losses, Government, State and local), with opposite sign. Capital gains are estimated based on NIPA, Table 3.9.4 Price Indexes for Government Consumption Expenditures and Gross Investment, line 37, State and local, Equipment.
Last edited on: 01/07/2014