In which of the following funds would a government report depreciation expense?
A) Private-purpose trust fund.
B) Agency fund.
C) Permanent fund.
D) None of the above

Question

Quizplus · Accepted Answer

Private-purpose trust funds report depreciation expense because they account for their activities in a manner similar to that of a business, recognizing the depreciation of capital assets as an expense.

In Which of the Following Funds Would a Government Report