Land is an example of a plant asset. a. True b. False ...

[tiara099]

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.

[C.mcnichol98]

Answer to Question 1

True

Answer to Question 2

C