A city adds a new door to its downtown fire station. This is considered a relatively minor addition. Which fund would most likely be used to account for the construction expenditures associated with the door?

Question

Quizplus · Accepted Answer

The General Fund is typically used to account for minor additions or improvements to government-owned facilities. The Enterprise Fund is used for self-supporting government services such as utilities or transportation. The Capital Projects Fund is used for major capital projects such as building a new fire station or a major renovation. General Capital Assets accounts are used to record the acquisition and depreciation of capital assets, but not construction expenditures.

A City Adds a New Door to Its Downtown Fire