Depreciation of general capital assets

Reference no: EM1364738

With regard to depreciation of general capital assets

a. Depreciation expense should be charged in the appropriate governmental funds, and reported in the governmental activities accounts.

b. Depreciation expense should be charged to the appropriate functions reported in the statement of activities for the governmental activities.

c. depreciation expense must be recorded in the governmental fund, but no depreciation expense can be recorded in the governmental activities accounts.

d. No depreciation can be recorded in any governmental fund, nor is it permissible to record depreciation expense in the governmental activities accounts.

Reference no: EM1364738

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