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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
A government has the following general government capital assets:
Streets and roads–$17,000
Buildings–$20,000
Equipment–$4,000
Assets acquired under capital leases–$1,000

What is the minimum amount of general capital assets the government may report under GAAP?
A.   $42,000
B.   $41,000
C.   $25,000
D.   $24,000
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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