What Would Be the Effect on the General Fund's Fund

question 14

Multiple Choice

What would be the effect on the General Fund's Fund Balance at the end of the current fiscal year of recording the purchase of a $5,000 new computer with a five year estimated useful life and zero salvage?

• A) Have no effect on the General Fund's Fund Balance.
• B) Reduce the General Fund's Fund Balance $1,000.
• C) Reduce the General Fund's Fund Balance $5,000.
• D) Reduce the General Fund's Fund Balance $6,000.

---

Definitions:

Forgiving

The act of pardoning someone for their mistakes or wrongdoing without harboring resentment.

Religious People

Religious people are individuals who follow or practice a particular religion, often adhering to its beliefs, rituals, and moral guidance.

Highly Educated People

Individuals who have attained advanced levels of education, usually holding at least a college or university degree.

Self-esteem

An individual's overall subjective evaluation of their own worth or value.