An Enterprise Fund in Bobby County Donated a Vehicle That

question 47

Multiple Choice

An enterprise fund in Bobby County donated a vehicle that had an original cost of $50,000 to one of the County's general government departments. The net book value of the vehicle as of the date of donation was $15,000. The enterprise fund would record the transaction as a

• A) Debits to transfer out of $15,000 and to accumulated depreciation of $35,000, and credit to capital assets of $50,000
• B) Debit to transfer out of $15,000 and credit to capital assets of $15,000
• C) Debits to nonoperating expense of $15,000 and to accumulated depreciation of $35,000, and credit to capital assets of $50,000
• D) Debit to capital contribution of $15,000 and credit to capital assets of $15,000

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Definitions:

Quasi-War

An undeclared naval conflict between the United States and France from 1798 to 1800, primarily fought in the Caribbean.

United States Navy

The naval warfare service branch of the U.S. Armed Forces, responsible for naval operations and the protection of American interests at sea.

French Forces

The military and paramilitary units of France, including its army, navy, air force, and gendarmerie.

Federalists

Federalists were supporters of the ratification of the U.S. Constitution, advocating for a strong central government as opposed to the decentralized government proposed by the Anti-Federalists.