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Question - The underwood electric Utility fund, which is an enterprise fund, had the following during its 20X1 fiscal year ending at December 31,20X1:
Depreciation for 20X1 = $43,000
Prepaid insurance paid in December 20X1 = $129,000
What amount should be reflected in the fund's statement of revenues, expenses and changes in fund net assets for this items?
a. $172000
b. $43000
c. $129000
d. $0
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