LO 1,2 87-28. (Relationship of capital asset to depreciation) The Fort Chessie Motor Pool Fund illustrated in this chupter records the acquisition of an automobile by debiting an asset account. Does the cost of that automobile ever enter into the determination of income? Explain LO 1,3 E9-29. (Proprietary Funds statement of niet position accounting equution) Proprietary funds are required to present statement of niet position using a specific equation as follows Assets Deferred Outflows - Liabilities - Deferred Inflows Fund Net Position Which measurement focus and basis of accounting are required to be used to create this statement? What types of assets and liabilities are recorded in proprietary funds that are not recorded in govem mental fund types