This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A government may elect not to report depreciation expense on which type of capital assets? a. ... (Read 89 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jul 6, 2018
A government may elect not to report depreciation expense on which type of capital assets?
 
  a. Capital assets with original useful lives in excess of 25 years
  b. Infrastructure capital assets
  c. Capital assets acquired by the General Fund
  d. None of the above

Question 2

If a painting company receives 80,000 in advance for services to be performed in both the present fiscal period and the following fiscal period, the best entry would be
 a. debit Cash; credit Painting Revenue.
   b. debit Cash; credit Accounts Payable.
   c. debit Cash; credit Unearned Painting Revenue.
   d. debit Cash; credit Other Income.
   e. debit Painting Revenue; credit Unearned Painting Revenue.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

c


BrownTown3

  • Member
  • Posts: 564
Reply 2 on: Jul 6, 2018
:D TYSM

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Injecting an IV push (bolus) medication; C, another type of needleless syringe and needleless IV acc Injecting an IV push (bolus) medication; C, another type of needleless syringe and needleless IV acc
False-color imagery of the Sun, a G-type main-sequence star, the closest to Earth. False-color imagery of the Sun, a G-type main-sequence star, the closest to Earth.
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
The operation of a rotor-type oil pump. The operation of a rotor-type oil pump.
Gerotor-type oil pump driven by the crankshaft. Gerotor-type oil pump driven by the crankshaft.
Noid lights are usually purchased as an assortment so that one is available for any type or size ... Noid lights are usually purchased as an assortment so that one is available for any type or size ...
Video: Mechanisms of capillary exchange

For a complete list of videos, visit our video library