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The General Capital Assets and General Long-Term Liabilities non-fund accounts would be used to account for a) All capital assets acquired by a government entity

The General Capital Assets and General Long-Term Liabilities non-fund accounts would be used to account for a) All capital assets acquired by a government entity regardless of the type of fund purchasing the asset. b) Capital assets acquired with governmental fund resources that will be used in governmental fund activities. c) Capital assets acquired with debt proceeds only. d) Capital assets that are used by a variety of governmental and proprietary funds.

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