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Fixed Assets of an Enterprise Fund Should Be Accounted for in the

Question 49

Multiple Choice

Fixed assets of an enterprise fund should be accounted for in the


A) Enterprise fund but no depreciation on the fixed assets should be recorded.
B) General fixed asset account group but no depreciation on the fixed assets should be recorded.
C) General fixed asset account group and depreciation on the fixed assets should be recorded.
D) Enterprise fund and depreciation on the fixed assets should be recorded.

Correct Answer:

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