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For government-wide financial statements, what account is credited when a piece of equipment is leased on a capital lease? (2 points) Equipment - Capital Lease
For government-wide financial statements, what account is credited when a piece of equipment is leased on a capital lease? (2 points) Equipment - Capital Lease The lease is not recorded Encumbrances - Long Term Encumbrances - Lease Obligations Capital Lease Obligation
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