A local government established a new special revenue fund during the current year. The fund incurred the following transactions: Purchased new machines - five-year life $140,000 Paid interest debt 300,000 Paid debt principal 200,000 Paid management salaries 100,000 Purchased office equipment - four-year life 100,000 Paid utilities 50,000 Purchased office supplies (1/2 used up) 20,000 If the unit expects the assets to have no salvage value, what amount would be recognized as expenditures for the current year?

		$910,000
		$713,000
		$513,000
		None of Above