Depreciation expense on assets of the public safety function totaled $195,000 for the year. The two-worksheet conversion
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Depreciation expense on assets of the public safety function totaled $195,000 for the year. The two-worksheet conversion adjustment necessary to record the depreciation expense as part of governmental activities would be
A
| dr | cr | |
| Depreciation Expense — Public Safety | $195,000 | |
| Change in Net Assets | $195,000 |
B
| dr | cr | |
| Depreciation Expense — Public Safety | $195,000 | |
| Capital Outlay Expenditures | $195,000 |
C
| dr | cr | |
| Capital Outlay Expenditures | $195,000 | |
| Capital Assets | $195,000 |
D
| dr | cr | |
| Capital Outlay Expenditures | $195,000 | |
| Change in Net Assets | $195,000 |
E None of the above
Expert Answer:
Related Book For 
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date:
