Multiple Choice
Depreciation on capital assets used by an enterprise fund of a government
A) Should not be recorded for infrastructure assets.
B) Should be recorded in the General Fund as an expenditure.
C) Should be recorded in the governmental activities accounts.
D) Should be recorded in the enterprise fund as an expense.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Internal service funds are intended to operate
Q35: To facilitate the combination of utility financial
Q48: Which of the following may properly be
Q59: Public utilities owned and operated by governments
Q70: The Encumbrances account should be used by
Q72: When a supplies internal service fund records
Q74: The water utility fund of the City
Q76: The Motor Vehicle Repair Fund of Laramee
Q78: GASB accounting and financial reporting standards for
Q79: In order to conform to GASB standards,goods