Why is depreciation recorded as an expense in proprietary funds, but not as an expenditure in governmental-

Question:

Why is depreciation recorded as an expense in proprietary funds, but not as an expenditure in governmental- type funds?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

Question Posted: