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 is- sue 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 to- taled $1,176,000. The full cost is attributed to the building because it was constructed on city-owned property. 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 esti- mated 30-year life and no salvage value. 6. Due to technological developments, the city determined that the service capacity of some of the technology equipment used by general govern- ment had been impaired. The calculated impairment loss due to technology obsolescence was $1,156,000. d. All of the 5-18. General Capital Assets. (L05-2, L05-4) Make all necessary entries in the appropriate governmental fund general journal and the government-wide governmental activities general journal for each of the following transactions entered into by the City of Loveland. Dale and Recre. Date Account Title and Explanation Post Ref. Governmental Activities General Fund Debit Credit Debit Credit SO TITLE $0 TITLE (To record the impairment loss of equipment) 3 Answer in this format for understanding of concept