On the government-wide statement of activities, depreciation expense for assets that essentially benefit all functions, such as the city hall, may be reported as a separate line item or on the same line as the General Government or similar function.

a) true

b) false

Question

Social Studies

Zain

8 May, 00:12

On the government-wide statement of activities, depreciation expense for assets that essentially benefit all functions, such as the city hall, may be reported as a separate line item or on the same line as the General Government or similar function.

a) true

b) false

+3

Answers (1)

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Stella · Answer 1

True

Explanation:

Depreciation expenses for assets that essentially benefit all functions are reported as a separate line item or on the same line as the General Government or similar function.

On the government-wide statement of activities, depreciation expense for assets that essentially benefit all functions, such as the city hall, may be reported as a separate line item or on the same line as the General Government or similar function.a) trueb) false

On the government-wide statement of activities, depreciation expense for assets that essentially benefit all functions, such as the city hall, may be reported as a separate line item or on the same line as the General Government or similar function.

a) true

b) false