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

Whiskey

23 October, 02:12

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

+2

Answers (1)

Know the Answer?

Eric Weiss · 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