If a government creates an internal service funds, GAAP require that the ______ cost of services, _________ the cost of capital assets be recovered through the user fee.

Once the budget has been adopted, the _ executes it to ensure that legislative intent is met and the budget stays in balance.

A payment to the capital projects fund is recorded in the general fund as:

In Government Organizations, a modified approach for depreciation is used. This modified approach expenses maintenance cost and capitalizes additions and improvements, but it does not record depreciation charges. The logic behind the modified approach is:

Assume an invoice with credit terms of 2%/10, net30. The interest charge is 2% of $1000, or $20; the principal is $980; and the days of principal borrowed are the 20 days of credit.
What is the interest rate offered if the discount is taken?