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    Advanced Accounting Study Set 3
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    Exam 19: An Introduction to Accounting for State and Local Governmental Units
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    Which Fund Would Most Likely Report Depreciation Expense
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Which Fund Would Most Likely Report Depreciation Expense

Question 32

Question 32

Multiple Choice

Which fund would most likely report depreciation expense?


A) A special revenue fund
B) An enterprise fund
C) A capital projects fund
D) A debt service fund

Correct Answer:

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