What would be the effect on the General Fund's Fund Balance at the end of the current fiscal year of recording the purchase of a $5,000 new computer with a five year estimated useful life and zero salvage?
A) Have no effect on the General Fund's Fund Balance.
B) Reduce the General Fund's Fund Balance $1,000.
C) Reduce the General Fund's Fund Balance $5,000.
D) Reduce the General Fund's Fund Balance $6,000.
Correct Answer:
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