Question

Which of the following should be accounted for in an internal service fund?

a. Light poles to be paid for in installments by affected property owners $ 350,000
b. Van used to transport supplies to all city departments on a cost-reimbursement basis 65,000
c. Equipment used for supplying electric power to residents 1,250,000

Answer 1

b. Van used to transport supplies to all city departments on a cost-reimbursement basis 65,000

Step-by-step explanation: