Depreciation of general capital assets is not recorded in the accounts of any of the governmental funds.If a building is transferred from the General Fund to an internal service fund because the character of its use changes,should the internal service fund record building depreciation expense each year after the transfer? Explain.

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The Answer of Depreciation of general capital assets is not recorded in the accounts of any of the governmental funds.If a building is transferred from the General Fund to an internal service fund because the character of its use changes,should the internal service fund record building depreciation expense each year after the transfer? Explain.

Depreciation of General Capital Assets Is Not Recorded in the Accounts