Question 5 City Bhas bought a new fire truck because the old one does not have the current capabilities. Such acquisition is a: Sunk Cost Acquisition Cost Fbed Asset Cost Capital Cost Question 6 School District B has decided to terminate their current medical insurance and will proceed to enact a self-funded medical insurance plan. What fund will service the self-funded medical plan? Capital Projects Fund Debt Service Fund General Funds Internal Service Fund Question 7 The accrual basis is used because of the Matching Concept (Matching Principle) Cash Basis Concept AICPA Guidelines FASB Guidelines