4. During the current year, a capital projects fund completed a new public safety building started in the prior year. The total cost of the project was 59,670,000; current- year construction costs totaled 5710,000, paid in cash. The full cost is attributed to the building because it was constructed on city-owned property. The building came in $6,200 under budget, which is transferred to the General Fund. Capital Project Fund Record the $710,000 cash payment made for construction costs during this year. Construction Expenditures 710.000 Cash 710,000 4a 4b Record the balance 56,200 transferred to the General Fund. 4c General Fund 4d Governmental Activities Record in the governmental activities general journal, the $710,000 cash payment made for construction costs during this year. 4e Record in the governmental activities general journal, the completion of a new public safety building on city-owned property started in the prior year costing $9,670,000. 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. 5 General Fund