Which of the following statements is true regarding accounting for capital assets by state and local governments? O a. Capital outlays are recorded as assets in enterprise Funds, but the depreciation on those assets is recorded in the General Fund. O b. Capital outlays are recorded as assets in Special Revenue Funds and are deprecated in those funds. Oc Capital outlays are recorded as expenditures in Internal Service Fund Od Capital outlays are recorded as capital outlay experlditures in the General Fund