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On the government-wide statement of activities, depreciation expense for assets that essentially benefit all functions, such as the city hall, may be reported as a separate line item or on the same line as the General Government or similar function.

a) true

b) false

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  1. 21 August, 19:33
    0
    True

    Explanation:

    Depreciation expenses for assets that essentially benefit all functions are reported as a separate line item or on the same line as the General Government or similar function.
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