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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: A general government department of a county government donated a capital asset w
Post by: goji.go on Oct 21, 2014
A general government department of a county government donated a capital asset with an original cost of $40,000 and accumulated depreciation of $15,000 to one of the county's proprietary funds. The proprietary fund would record the transaction as a
A.   Debit to capital assets of $40,000 and a credit to revenue.
B.   Debit to capital assets of $40,000 and a credit to capital contribution.
C.   Debit to capital assets of $25,000 and a credit to revenue.
D.   Debit to capital assets of $25,000 and a credit to capital contribution.


Title: Re: A general government department of a county government donated a capital asset w
Post by: f_zah1 on Oct 22, 2014
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Title: Re: A general government department of a county government donated a capital asset w
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: A general government department of a county government donated a capital asset w
Post by: f_zah1 on Oct 23, 2014
You're very welcome!