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    A government destroys a recently acquired car, sells the

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    A government destroys a recently acquired car, sells the remains for scrap, and its general fund surplus for the year increases. Explain how the situation described, including why the general fund surplus increases.

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    The government destroyed an asset they recently acquired, and then sold the remains of the destroyed asset for scrap. When they did so, the general fund surplus increased because the vehicle is a fixed asset, and fixed assets are not a part of ...

    Solution Summary

    A government destroys a recently acquired car, sells the remains for scrap, and its general fund surplus for the year increases. Explain how the situation described, including why the general fund surplus increases.

    $2.19

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