Question: please show all work and highlight final answer For government-wide financial statements, what account is credited when a piece of equipment is leased on a

please show all work and highlight final answer

For government-wide financial statements, what account is credited when a piece of equipment is leased on a capital lease? [2 points] 0 Encumbrances - Long Term 0 Equipment - Capital Lease O The lease is not recorded 0 Capital Lease Obligation C Encumbrances - Lease Obligations

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