A computer system has been leased for the state for its logistics operations. The lease has a

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A computer system has been leased for the state for its logistics operations. The lease has a net present value of $2,500,000.The lease will be serviced through the General Fund
GF - G general Fund
CPF - Capital Projects Fund
DSF - Debt Service Fund
GCA & GLTL - General Capital Asset & General Long Term Liability
Prepare the journal entry
Net Present Value
What is NPV? The net present value is an important tool for capital budgeting decision to assess that an investment in a project is worthwhile or not? The net present value of a project is calculated before taking up the investment decision at...
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Accounting For Governmental And Nonprofit Entities

ISBN: 9781260118858

19th Edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely

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