Perspective of the governmental activities

Reference no: EM132820266

Question

On November 1, the city of Reaganton sold a police vehicle for $10,000 cash that was originally purchased for $100,000. The vehicle had been depreciated at the government-wide level and accumulated depreciation at the date of sale was 92,000.

Record this sale (1) from the perspective of the governmental activities at the government-wide level, and (2) from the perspective of the General Fund.

Reference no: EM132820266

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