Which factor does NOT affect the capital asset calculation in the government-wide statement of net position?

In the context of the government-wide statement of net position, the calculation of capital assets is primarily influenced by factors that directly impact the accounting and valuation of those assets. Capital disposals, new capital acquisitions, and depreciation expense all play significant roles in determining the overall value of capital assets reported.

Investment revenues, however, are not a factor in the calculation of capital assets. These revenues reflect returns earned on financial investments rather than changes in the value of physical or tangible assets owned by the government. Factors like capital disposals affect asset amounts by reducing the total when assets are sold or otherwise removed from service. New capital acquisitions increase the total value of capital assets, and depreciation expense represents the allocation of the cost of an asset over its useful life, impacting the net book value.

In summary, since investment revenues relate to financial activities rather than to the valuation or status of capital assets, they do not affect the calculation of capital assets in the government-wide statement of net position.