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goji.go goji.go
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Posts: 5977
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9 years ago
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.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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