Land is an example of a plant asset.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Depreciation expense for the current year was 366,750 in the Water Enterprise Fund. Depreciation expense will be reported at the government-wide level as
A. Part of unallocated depreciation expense in governmental activities.
B. Part of unallocated depreciation expense in the business-type activities.
C. Part of the business-type activities expenses for the water activity.
D. Capital outlay expenses in business-type activities.
