When a snowplow is purchased by a government, it should be recorded in the governmental activities general journal as a(an):

Name: When a snowplow is purchased by a government, it should be recorded in the governmental activities general journal as a(an):
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Question

Quizplus · Accepted Answer

A snowplow will likely have a useful life of multiple years and meet the capitalization threshold for the government, so it should be recorded as a capital asset rather than as an expenditure, expense, or appropriation.

When a Snowplow Is Purchased by a Government, It Should