Depreciation of General Capital Assets Is Not Recorded in the Accounts

question 9

Essay

Depreciation of general capital assets is not recorded in the accounts of any of the governmental funds.If a building is transferred from the General Fund to an internal service fund because the character of its use changes,should the internal service fund record building depreciation expense each year after the transfer? Explain.

---

Definitions:

Common Victim

A term that could refer to a group or type of individuals frequently targeted or affected by a specific problem, crime, or injustice.

Plagiarism

The act of using someone else's work or ideas without proper attribution, presenting them as one's own.

Original Author

The first creator or writer of a particular piece of work.

Fourth Branch

A term sometimes used to refer to groups outside the three branches of government (executive, legislative, judicial) that influence policy, such as the media or independent regulatory agencies.