Depreciation of general capital assets

Assignment Help Accounting Basics

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

Questions Cloud

Explain eager decision tree algorithm-lazy knn algorithm : Discuss the advantages and disadvantages of the new algorithm compared with the eager decision tree algorithm, and the advantages and disadvantages of the new algorithm compared with the lazy kNN algorithm.

Imagine someone drops an apple from a vertical distance : imagine someone drops an apple from a vertical distance.

Osteoporosis disease of the skeletal system : Discuss the mechanism in detail, the mechanisms of disease associated with the disorders presented?

Determine level of long-term financing : Corporation total assets fluctuate between 320K and 410K, while its fixed assets remain constant a 260K. If the company follow a maturity matching or moderate working capital financing policy,

Depreciation of general capital assets : Depreciation expense should be charged in the appropriate governmental funds, and reported in the governmental activities accounts.

Health injuries problems : He complained of severe pain. His burns showed signs of blistering, swelling and fluid loss. What percentage of his body was burned? What classification is his burn, and why?

Introductory section of cafr : The introductory section of a CAFR typically includes all of the following except

Design-write program to enter score repetition structure : Design and write a program that asks the user to enter five test scores using a repetition structure. The program should display the letter grade for each score and the average test score at the end of the program.

Financial leverage for a utility company : Determine which factors would cause a difference in the use of financial leverage for a utility Corporation and an automobile Corporation?

User Account

All Pages