A Police Department accounted for in a Citys General Fund recorded the purchase of a new police car for $54,000 in cash. The police car is estimated to have a useful life of 5 years and a $4,000 salvage value at the time of purchase. Which of the following would be an effect of this transaction on the fund balance of the Citys General Fund?

a. An increase of $50,000 in the General Funds fund balance

b. A decrease of $4,000 in the General Funds fund balance

c. A decrease of $54,000 in the General Funds fund balance

d. An increase of $54,000 in the General Funds fund balance