In Which of the Following Funds Is It Appropriate to Record

question 68

Multiple Choice

In which of the following funds is it appropriate to record depreciation of capital assets?

• A) Internal service fund.
• B) Permanent fund.
• C) General fund.
• D) Capital projects fund.

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Definitions:

Modesty

A behavior or attitude that shows a moderate or low view of one's importance, often reflecting humility or a lack of boastfulness.

Low in Power

Referring to individuals or groups who hold minimal control or authority within a social hierarchy or organizational context.

Laugh

A vocal expression of amusement, joy, or derision, characterized by rhythmic, often audible contractions of the diaphragm and other parts of the respiratory system.

Strategy

A comprehensive plan or set of guidelines designed to achieve a particular goal or overcome a challenge, often considering long-term objectives and resources.