Simulation I (Questions #36-40): (write your answers on the scantron) The following transactions relate to Riverview City 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 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 Proceeds of general obligation bonds to finance construction of a new city hall; the building, which was completed during the year, has a useful life of 30 years with no salvage value $9,000 Proceeds of a federal grant to hire additional police officers $3,000 Fees charged to, and collected from customers by the electric utility $8,000 Tax collected on behalf of city Roxy $ 9,000 $200,000 gift received to help maintain a local art museum that is owned and operated by a not-for- profit organization. on a cost- Using the information above to answer the following questions: 36. Revenue to be recognized in an enterprise fund 37. Bonds payable to be recognized in enterprise funds 38. Depreciation expense to be recognized in internal service funds 39. Revenue to be recognized in the general fund 40. Long-lived assets to be recognized in the general fund 41. Revenue to be recognized in the Fiduciary fund 42. Revenue to be recognized in special revenue fund 7