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The Following Are Transactions for the City of Greenville

question 44

Essay

The following are transactions for the city of Greenville.
a.Issued $50,000 10-year bonds.
b.Used $30,000 of the cash to buy a truck.
c.Sold the truck that was replaced which had cost $28,000,for $2,000.The old truck was fully depreciated.Residual value is zero.
d.Computed depreciation on the new truck for the year of $6,000.
Required:
Analyze the above transactions by using the accounting equation for a governmental fund.

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Brain

The organ in the head of humans and other vertebrates that controls the body's actions and responses, processes sensations, and is the center of thought and emotion.

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A chronic and severe mental disorder affecting how a person thinks, feels, and behaves, characterized by episodes of delusions, hallucinations, and cognitive challenges.

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