Author Question: As time passes, fixed assets other than land lose their capacity to provide useful services. To ... (Read 17 times)

go.lag · **on:** Jul 5, 2018

As time passes, fixed assets other than land lose their capacity to provide useful services. To account for this decrease in usefulness, the cost of fixed assets is systematically allocated to expense through a process called
a. equipment allocation
b. depreciation
c. accumulation
d. matching

Question 2

If the balance in the Estimated revenues account exceeds the balance in the Appropriations account

a. the Budgetary fund balance account will have a credit balance
b. expenditures will be less than revenues
c. revenues will be less than expenditures
d. the Budgetary fund balance account will have a debit balance