Which of the following would be considered a general capital asset? Select one: a. Real estate purchased with the assets of a pension trust fund. b. A vehicle purchased from General Fund revenues. c. A vehicle purchased and maintained by an enterprise fund. d. A computer purchased from revenues of an internal service fund and used by the supplies
Which of the following would be considered a general capital asset? Select one: a. Real estate purchased with the assets of a pension trust fund. b. A vehicle purchased from General Fund revenues. c. A vehicle purchased and maintained by an enterprise fund. d. A computer purchased from revenues of an internal service fund and used by the supplies
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following would be considered a general capital asset?
Select one:
a. Real estate purchased with the assets of a pension trust fund.
b. A vehicle purchased from General Fund revenues.
c. A vehicle purchased and maintained by an enterprise fund.
d. A computer purchased from revenues of an internal service fund and used by the supplies department.
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