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A governmental fund owns equipment worth $100,000 that is depreciated on a straight-line basis for its useful life of 10 years. Each year the government
A governmental fund owns equipment worth $100,000 that is depreciated on a straight-line basis for its useful life of 10 years. Each year the government spends $4,000 to maintain the equipment. Which amount of expenditure related to the equipment should the fund report in its financial statements? A. $0 B. $4,000 C. $10,000 D. $14,000
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