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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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10 years ago
An Enterprise Fund issued bonds in the amount of $100,000 and immediately acquired capital assets from the bond proceeds at a cost of $100,000. As of December 31, 2013, accumulated depreciation on the assets was $10,000. Also, as of December 31, 2013, the Enterprise Fund had paid back $15,000 of the debt principal. In its December 31, 2013, statement of net position, how much should the Fund report as its net investment in capital assets?
      a.   $90,000
      b.   $85,000
      c.   $15,000
      d.   $5,000
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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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10 years ago
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goji.go Author
wrote...
#2
10 years ago
Thanks so much f_zah1.

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