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. h Darlie and Recre- 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. 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