General capital assets should be distinguished from capital assets that are specifically associated with activities financed by proprietary and fiduciary funds, since capital assets acquired by proprietary and fiduciary funds are accounted for by those funds.

Question

Quizplus · Accepted Answer

It is important to distinguish between general capital assets and those specifically associated with proprietary and fiduciary funds, as the latter are accounted for by those funds themselves.

General Capital Assets Should Be Distinguished from Capital Assets That