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Author Question: The book value of a plant asset is determined by subtracting the accumulated depreciation from the ... (Read 63 times)

melina_rosy

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on: Jul 5, 2018
The book value of a plant asset is determined by subtracting the accumulated depreciation from the cost of the plant asset.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Enterprise funds report capital contributions separate from operating and nonoperating revenues and expenses. When does an inflow of resources constitute a capital contribution?
 
  a. when the inflows must be used to purchase capital assets or consist of capital assets
  b. when the inflows are grants restricted to use on capital projects
  c. when the contributions are from property owners
  d. when the inflow consists of donated capital assets


fatboyy09

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

a


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