9. A general government department donates a capital asset with an original cost of $50,000 to an enterprise fund. The net book value as of the date...
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A general government department donates a capital asset with an original cost of
$50,000 to an enterprise fund. The net book value as of the date of donation is $17,500.
TWhich entry should be recorded by the enterprise fund?I A debit to Capital Assets of $17,500 and a credit to Transfer In of $17,500
A debit to Capital Assets of $17,500 and a credit to Capital Contribution of $17,500
A debit to Capital Assets of $50,000 and credits to Accumulated Depreciation of $32,500 and Transi A debit to Capital Assets of $50,000 and credits to Accumulated Depreciation of $32,500 and Capita

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