Depreciation on capital assets is included as an expense in the Statement of Activities in the government-wide financial statements

Name: Depreciation on capital assets is included as an expense in the Statement of Activities in the government-wide financial statements
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Question

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Depreciation on capital assets is a non-cash expense that reduces the value of fixed assets over time, and it is included as an expense in the Statement of Activities in the government-wide financial statements.

Depreciation on Capital Assets Is Included as an Expense in the Statement