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Equipment Acquired Several Years Ago by a Capital Projects Fund

Question 84

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Equipment acquired several years ago by a capital projects fund and reported in the governmental activities statement of net position at a net book value of $2,000 was sold for $1,000 cash.Cash is collected in the General Fund.Journal entries are necessary in the general journals of the


A) General Fund, capital projects fund, and governmental activities.
B) General Fund and governmental activities.
C) General Fund, capital projects fund, and enterprise fund.
D) Capital projects fund and governmental activities.

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