Governments should depreciate general capital assets, such as police cars and snow plows, in governmental funds.

Name: Governments should depreciate general capital assets, such as police cars and snow plows, in governmental funds.
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Question

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Governments do not depreciate general capital assets in governmental funds because these funds use the modified accrual basis of accounting, which focuses on current financial resources and expenditures rather than on the full accrual basis that includes depreciation.

Governments Should Depreciate General Capital Assets, Such as Police Cars