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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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10 years ago
Which of the following is the most accurate statement regarding the depreciation of general capital assets in the governmental activities column of the statement of activities?
      a.   All general capital assets must be depreciated
      b.   General capital assets are not required to be depreciated
      c.   General capital assets should be depreciated, but financial statement preparers may choose not to depreciate land and infrastructure assets
      d.   General capital assets should be depreciated, except for land and infrastructure assets that are reported using the "modified approach."
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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10 years ago
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goji.go Author
wrote...
#2
10 years ago
Thanks so much f_zah1.

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