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goji.go goji.go
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Posts: 5977
Rep: 293 0
9 years ago
During its calendar year 2012, a city issued $800,000 of bonds to acquire various items of capital equipment. By the end of 2013, the city had spent all the bond proceeds to purchase capital assets. Accumulated depreciation on the assets was $120,000, and $150,000 of the bonds had been paid off. How much should the city report in its government-wide statement of net position as net investment in capital assets?
      a.   $0
      b.   $30,000
      c.   $630,000
      d.   $650,000
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3 Replies
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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