Depreciation on Capital Assets Is Included as an Expense in the Statement

question 107

True/False

Depreciation on capital assets is included as an expense in the Statement of Revenues, Expenses, and Changes in Fund Net Position in the proprietary fund financial statements

---

Definitions:

Pyranose

A form of sugar characterized by a six-membered ring structure containing an oxygen atom.

Anomeric Carbon

The carbon atom in a carbohydrate molecule that was the carbonyl carbon before cyclization and is now attached to the oxygen of the hemiacetal or hemiketal group.

Haworth Structure

A method for representing the cyclic structure of monosaccharides with a simple three-dimensional perspective.

Positively Skewed

Refers to a distribution where the tail on the right side of the histogram is longer or fatter than the left side, indicating that data have a majority of their observations on the lower end.