Capitalized fixed assets are reported in which financial statement?
A) Fiduciary fund
B) Proprietary fund
C) Governmental fund
D) All of the above

Question

Quizplus · Accepted Answer

Capitalized fixed assets are typically reported in the financial statement of proprietary funds, which include enterprise funds and internal service funds. The financial statements of governmental funds and fiduciary funds do not typically report fixed assets.

Capitalized Fixed Assets Are Reported in Which Financial Statement