Which of the following would be considered a general capital asset?

Question

Quizplus · Accepted Answer

General capital assets are assets that are used in operations and are financed through tax revenues or general obligations. They are not tied to any specific fund that operates in a business-like manner (such as enterprise or internal service funds) or fiduciary activities (like pension trust funds). Therefore, a vehicle purchased from General Fund revenues fits the definition of a general capital asset, as the General Fund is the primary operating fund of a government, reflecting its general revenues and the expenditures necessary to carry out basic governmental functions.

Which of the Following Would Be Considered a General Capital