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15. Under GASB Standards for reporting of general capital assets, the following is true: A....

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Accounting

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15. Under GASB Standards for reporting of general capital assets, the following is true: A. General capital assets are specifically related to activities that are reported in proprietary and fiduciary funds. B. If general capital assets are bought in the general fund then the amount paid for the asset is considered to be an expenditure on the particular fund statement, and transferred to the government-wide statements. C. General capital assets are not recorded on the government-wide statements. D. General capital assets only provide services in the year of acquisition and therefore are expensed when acquired

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