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:

Lying

Lying is the act of communicating false statements or representations with the intent to deceive.

Distortion

The alteration or misrepresentation of information or perception, leading to inaccuracies or misunderstandings.

Personality

The combination of characteristics or qualities that form an individual's unique character, affecting how they think, feel, and behave.

Perception

The way in which something is regarded, understood, or interpreted by individuals.