Question: Question 3 0 2 . 5 pt Assume that an Internal Service Fund purchases land on which to construct a new warehousing facility. The fund

Question 30
2.5 pt
Assume that an Internal Service Fund purchases land on which to construct a new warehousing facility. The fund paic cash for 30% of the purchase price and financed the reminder with a loan from a local lending institution. The Intern Service Fund will
Increase Net Investment in Capital Assets.
Record the land in the General Fund.
Report capital outlay expenditures.
Depreciate the cost of the land over its useful life.
Question 3 0 2 . 5 pt Assume that an Internal

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