A City Recorded an Asset Impairment to a Public Works

question 81

Multiple Choice

A city recorded an asset impairment to a Public Works facility.Which of the following is correct concerning the recording of the amount of the asset impairment?

• A) The General Fund would record a debit to Expenditures.
• B) The General Fund would record a debit to Other Financing Uses-Loss due to Impairment.
• C) The governmental activities accounts would record a debit to Loss due to Impairment.
• D) The governmental activities accounts would record a debit to Expenses-Public Works.

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Definitions:

Experience

The knowledge or skill acquired by a person through direct involvement in or exposure to events or activities over a period of time.

Cognitive Behavior Therapy

A psychotherapeutic treatment aimed at changing patterns of thinking or behavior that are behind people's difficulties, and so changing the way they feel.

Psychodrama

A form of psychotherapy where individuals enact or role-play events from their lives under the guidance of a therapist.

Highly Structured

Pertains to something organized in a clear, well-defined manner, often with strict rules or guidelines.