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

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When a police vehicle is purchased, it is considered a capital asset because it has a useful life of more than one year and is used for government operations. It is not an expenditure because an expenditure is a cost that is immediately consumed, such as supplies or salaries. It is not an expense because an expense is a cost that is consumed within the current accounting period, such as rent or utilities. Appropriation refers to the legal authorization to spend funds, but it is not applicable in this situation.

When a Police Vehicle Purchased by a Government Is Received,it