Describe the adjustment or adjustments needed to prepare government-wide financial statements from the city's calendar year 2012 fund-level financial statements
A) No adjustments are needed
B) Record capital assets,and record six months' depreciation ($10,000)
C) Record capital assets,reduce capital outlay expenditures,and record six months' depreciation ($11,667)
D) Record capital assets,reduce capital outlay expenditures,and record six months' depreciation ($10,000)
Correct Answer:
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