Esonthistransfer specialnotesonthistransfer

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2,000 30,000 Equipment Internal Service Fund Equipment 30,000 Accumulated Depreciation – Equipment Revenues – Capital Contributions 12,000 18,000 Special Notes on This Transfer Special Notes on This Transfer No entry in GF since asset is not accounted for there Asset may be written down prior if fair value is less than net book value (NBV) Reclassification is a Capital Contribution in ISF – may become a transfer when government­wide statements are prepared Asset could be accounted for at NBV in ISF, but this entry is usual practice to maintain audit trail Pricing Policies Pricing Policies Typical choices Historical cost Direct cost, when other costs are insignificant ISFs usually have a monopoly, so pricing needs to be monitored closely Excessive charges must be avoided Pricing Methods Pricing Methods 1. 2. Predetermined rates – so much per page, mile, or order Charge departments based on actual cost Predetermined rates preferred because Departments need to know charges at tim...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern