Capital assets used by an enterprise fund should be accounted for in the Enterprise fund but no
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Question:
Capital assets used by an enterprise fund should be accounted for in the Enterprise fund but no depreciation on the capital assets should be recorded.
a. Governmental activities journal and depreciation on the capital assets should be recorded.
b. Enterprise fund and depreciation on the capital assets should be recorded.
c. Business-type activities journal but no depreciation on the capital assets should be recorded.
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