The fund used to account for the acquisition or construction of major capital facilities and other capital assets is the

Question

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The Capital Projects Fund is used to account for the acquisition or construction of major capital facilities and other capital assets. The General Fund is used to account for the day-to-day operations of the government, while the Special Revenue Fund is used to account for specific revenue sources that are restricted for particular purposes. The General Capital Assets account is used to record the cost of capital assets, but it is not a fund.

The Fund Used to Account for the Acquisition or Construction