A general government department of a county government donated a capital asset with an original cost of 40,000 and accumulated depreciation of 15,000 to one of the county's proprietary funds. The proprietary fund would record the transaction as a
A. Debit to capital assets of 40,000 and a credit to revenue.
B. Debit to capital assets of 40,000 and a credit to capital contribution.
C. Debit to capital assets of 25,000 and a credit to revenue.
D. Debit to capital assets of 25,000 and a credit to capital contribution.
Question 2
Which of the following is nota correct rule of debits and credits?
a. Assets, expenses, and withdrawals are increased by debits.
b. Assets are decreased by credits and have a normal debit balance.
c. Liabilities, revenues, and owner's equity are increased by credits.
d. The normal balance for revenues and expenses is a credit.
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
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Apoxyomenos (The Scraper), Roman copy of an original Greek bronze by Lysippus.
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont
The general description of allele and genotype frequencies under Hardy–Weinberg assumptions
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