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  3. a fire department bought a $30,000 machine for $30

A fire department bought a $30,000 machine for $30,000 cash. What fund would this be...

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Accounting

A fire department bought a $30,000 machine for $30,000 cash. What fund would this be reported in and how much would be reported on its balance sheet?
General fund--0
General fund-- $30,000
Capital project fund-- $30,000
Capital projects fund-- $0
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