Question: Why is depreciation recorded as an expense in proprietary funds
Why is depreciation recorded as an expense in proprietary funds, but not as an expenditure in governmental- type funds?
Answer to relevant QuestionsWhat is the difference between an Enterprise Fund and an Internal Service Fund? Since the Motor Pool Fund illustrated in this chapter records the acquisition of an automobile by debiting an asset account, does the cost of that automobile ever enter into the determination of income? Explain.The Yorktown Motor Pool Internal Service Fund had the following transactions and events during January 2013. Using the data in exercise E7- 10 where applicable, as well as your solution to the exercise, prepare journal ...The City of Oscar uses an Internal Service Fund to provide printing services to its various departments. It bills departments on the basis of an estimated rate per page of printed material, computed on the accrual basis of ...When are Private Purpose Trust Funds used?
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