2Rodham City is preparing its government-wide financial statements from its fund financial statements. Rodham City identifies capital assets with a book value of $500,000 at the beginning

of the year that are depreciated at the rate of $50,000 per year. Its records also indicate that it spent $150,000 on new capital assets during the year. What two journal entries must Rodham

City include in its government-wide financial statement spreadsheet relating to capital assets?