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goji.go goji.go
wrote...
Posts: 5977
9 years ago
Depreciation expense on assets of the public safety function totaled $195,000 for the year. The one-worksheet conversion adjustment necessary to record the depreciation expense as part of governmental activities would be

      Debit   Credit
A.   Depreciation Expense – Public Safety
   Accumulated Depreciation   $195,000   
$195,000
B.   Depreciation Expense – Public Safety
   Capital Outlay Expenditures   $195,000   
$195,000
C.   Capital Outlay Expenditures
   Capital Assets   $195,000   
$195,000
D.   Capital Outlay Expenditures
   Accumulated Depreciation   $195,000   
$195,000
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1 Reply
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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