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goji.go goji.go
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9 years ago
(Computation of net investment in capital assets)

The following information is taken from the financial statements of Corwin Water District 2, an Enterprise Fund. The revenue bonds were issued to construct water mains.  Based on these data, compute the amount that the Fund should report on its statement of net position, as net investment in capital assets.
Buildings         $1,100,000
Water mains and equipment   5,200,000
Accumulated depreciation, capital assets    2,300,000
Current portion of revenue bonds payable   450,000
Long-term portion of revenue bonds payable   1,800,000
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

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