What is one factor that allows governments to adjust capital asset estimates?

The ability for governments to adjust capital asset estimates is fundamentally tied to past experiences. When making estimates related to capital assets, governments can draw on historical data and outcomes from previous projects and expenditures. This past experience provides valuable insights that can inform current and future estimations regarding the useful life, depreciation rates, and overall valuation of capital assets.

Furthermore, historical performance data can highlight trends and patterns that may not be immediately apparent, allowing governments to make more informed and accurate adjustments. These adjustments ensure that financial statements reflect a true and fair view of the government's financial position and asset management.

While factors such as available funding, government regulations, and advice from auditors play roles in different contexts, it is the insights gained from past experiences that directly inform the estimates of capital assets, making this the most relevant factor in the context of the question.