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.
Different parts of the body mature at different rates. “General” refers to the body as a whole: the
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Inhaled General Anesthetics
Typical Startup Cost Categories Cont.
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.