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Capital Assets Used by an Enterprise Fund Should Be Accounted

Question 34

Multiple Choice

Capital assets used by an enterprise fund should be accounted for in the


A) Enterprise fund and depreciation on the capital assets should be recorded.
B) Business-type activities journal but no depreciation on the capital assets should be recorded.
C) Governmental activities journal and depreciation on the capital assets should be recorded.
D) Enterprise fund but no depreciation on the capital assets should be recorded.

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