Question 8 is in the enterprise fund's operating statement and the second one is in the general fund can you please explain the difference and solve the problem. thank you

Question 8 Answer saved Marked out of 3.00 Flag question A county acquires equipment for $16,000,000 at the beginning of 2015. The equipment has an 8-year life, no residual value. At the beginning of 2021 (6 years later), the equipment is sold for $9,000,000. Use straight-line depreciation, if appropriate. The equipment is used for a parking garage and is reported in enterprise fund. What is reported in the enterprise fund's operating statement, related to this equipment, in 2021? Select one: o A. Other financing source, $9,000,000 B. Gain on sale, $5,000,000 0 C. Revenue, $9,000,000 D. Loss on sale, $7,000,000 Question 9 Answer saved Marked out of 3.00 p Flag question A county acquires equipment for $16,000,000 at the beginning of 2015. The equipment has an 8-year life, no residual value. At the beginning of 2021 (6 years later), the equipment is sold for $9,000,000. Use straight-line depreciation, if appropriate. The equipment is used for general operations and is reported in the general fund. What is reported in the general fund's operating statement, related to this equipment, in 2018? Select one: O A. Other financing source, $9,000,000 B. Gain on sale, $5,000,000 C. Revenue, $9,000,000 O D. Loss on sale, $7,000,000