QUESTION 9

1. The following relate to the town of Coupland (dollar amounts in thousands):

   Equipment used in a vehicle repair service that provides service to other departments on a cost-reimbursement basis; the equipment has a 5-year life with no salvage value $1,400

   Property taxes levied and collected $6,300

   Hotel taxes (restricted to promotion of tourism) collected $1,200

   Proceeds of bonds to build a parking garage that must be repaid from user charges $4,000

   Using the information above to answer the following questions:

   Revenue to be recognized in internal service fund?

   		0
   		$1,400
   		$140
   		None of above