What fund would a township report depreciation a. general fund b. special revenue c. capital projects d.internal service?

Rylee Spinka asked a question: What fund would a township report depreciation a. general fund b. special revenue c. capital projects d.internal service?
Asked By: Rylee Spinka
Date created: Mon, Apr 5, 2021 8:13 PM

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FAQ

Those who are looking for an answer to the question «What fund would a township report depreciation a. general fund b. special revenue c. capital projects d.internal service?» often ask the following questions:

💰 What is special revenue fund?

A special revenue fund is an account established by a government to collect money that must be used for a specific project. Special revenue funds provide an extra level of accountability and transparency to taxpayers that their tax dollars will go toward an intended purpose.

💰 Can a capital project fund finance a general fund?

No, as virtually all capital funds have restrictions on their applicability, which is usually for capital projects/assets which are often balance sheet items whereas, a general fund is usually for operations.

💰 Is special revenue fund accrual or modified accrual?

Modified

1 other answer

general fund

Your Answer

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Is revenue a capital?

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What is capital fund how is calculated?

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Are salaries capital or revenue?

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Can you transfer an asset from a special revenue fund to the general fund that is depreciated but still has a value if sold at no cost?

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What differentiates capital expenditure from revenue expenditure?

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What is a special service loan?

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What is the general fund used for?

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What is service revenue in accounting?

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Is depreciation a source of fund flow?

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The bonus depreciation rates were set to decline, from 50% in 2017, to 40% in 2018, to 30% in 2019, and completely eliminated in 2020. The new tax law, known as the Tax Cut and Jobs Act (TCJA), changes the rules. New Law: Under the TCJA, section 168(k) was amended, and is retroactive.

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What is the general rule regarding the reporting of special items in the fund financial statements?

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What is capital fund answer in one sentence?

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Difference between capital and revenue expanditure?

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