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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 7: Accounting for the Business-type Activities of State and Local Governments
  5. Question
    Internal Service Funds Should Not Account for Depreciation of Capital
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Internal Service Funds Should Not Account for Depreciation of Capital

Question 25

Question 25

True/False

Internal service funds should not account for depreciation of capital assets used in their operations, since this would, in effect, charge the government twice for the same assets.

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