In the Statement of Activities, Depreciation Is Reported on

question 54

Multiple Choice

In the statement of activities, depreciation is reported on

• A) All depreciable capital assets of the government except infrastructure assets that use the modified approach.
• B) All depreciable capital assets of the government.
• C) Only depreciable capital assets of business-type activities of the government.
• D) Only depreciable capital assets of governmental activities of the government.

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Definitions:

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Agency Relationship

A legal arrangement in which one party, the agent, is authorized to act on behalf of another, the principal, in business transactions or other matters.

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