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Business, 15.04.2020 04:16 QueenZenobia

An Enterprise Fund is donating equipment to a general government department. The equipment has a net book value of $25,000 (original cost was $60,000). The acquisition value of the equipment at the transaction date was $28,000. The entry that should be recorded for the Enterprise Fund would include Group of answer choices A debit to capital contribution of $25,000. A debit to transfer out of $28,000. A debit to nonoperating expense of $25,000. A debit to nonoperating expense of $28,000.

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