In Which Fund Would the Purchase and Amortization of the Asset

question 1

Multiple Choice

In which fund would the purchase and amortization of the asset be recorded?

• A) The General Fund.
• B) The Operating Fund.
• C) The Capital Fund.
• D)The Encumbrance Fund.

---

Definitions:

Developmental Norm

Common patterns or ranges of behaviors, activities, and skills that are typical at specific ages or stages of development.

Crystallized Intelligence

The aspect of intelligence that involves the ability to use learned knowledge and experience.

Fluid Intelligence

The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.

Concrete Operational Thought

A stage in Jean Piaget's theory of cognitive development where children (ages 7-12 approximately) gain the ability to think logically about concrete events.