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2. The Public Works Department sold machinery with a historical cost of $35,100 and accumulated depreciation of $28,700 for $6,000. The machinery had originally been purchased with special revenue funds. General Fund Cash 6,000 Other Financing Sources-Proceeds of Capital Asset Sale 6,000 Governmental Activities Cash 6,000 28,700 Accumulated Depreciation-Machinery and Equipment Loss on Sale of Machinery 3. A car was leased for the mayor's use. The first payment was $1,000 and the present value of the remaining lease payments was $29,000. (Note: The initial cash payment was made by the General Fund.) 3a General Fund Expenditures-General Government Other Financing Sources Lease Agreements Cash OOO 3b Governmental Activities Record the lease of car to the Mayor. Leased Asset-Machinery and Equipment Lease Obligations Payable Cash OOO 4. During the current year, a capital projects fund completed a new public safety building that was started in the prior year. The total cost of the project was $9.720,000. Financing for the project came from a $9,000,000 bond issue that was sold in the prior year and from a $720,000 federal capital grant received in the current year. Current-year expenditures for the project totaled $1,176,000. The full cost is attributed to the building because it was constructed on city-owned property. 4a Capital Project Record the funds received for the public safety building. 4a Fund Cash Revenues Record the current year's expenditure for the public safety building Construction Expenditures Cash Governmental 4c Activities Record the funds received for the public safety building. Cash Program Revenue-Public Safety--Capital Grants and Contributions 4d Record the current year's expenditure for the public safety building. Construction Work in Progress Cash Record the transfer of the work in progress to the capital asset. Buildings Construction Work in Progress Record the current year's expenditure for the public safety building. Construction Work in Progress Cash Record the transfer of the work in progress to the capital asset. Buildings Construction Work in Progress 5. The city records a half year of straight-line depreciation on capital assets placed in service during the year. The building in item 4 above has an estimated 30-year life and no salvage value General Fund No Journal Entry Required Governmental Activities Depreciation Expenses-Buildings Accumulated Depreciation-Buildings 6. Due to technological developments, the city determined that the service capacity of some of the technology equipment used by general government had been impaired. The calculated impairment loss due to technology obsolescence was $1.156,000 General Fund No Journal Entry Required Governmental Activities Expenses General Government