Equipment acquired several years ago by a capital projects fund and reported in the governmental activities statement of net assets at a net book value of $2,000 was sold for $1,000 cash.Journal entries are necessary in the general journals of the

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The Answer of Equipment acquired several years ago by a capital projects fund and reported in the governmental activities statement of net assets at a net book value of $2,000 was sold for $1,000 cash.Journal entries are necessary in the general journals of the

Equipment Acquired Several Years Ago by a Capital Projects Fund