Question
An enterprise fund includes the following information: Cash $80,000 Inventory $50,000 Buildings & Equipment 700,000 Land 100,000 Construction in progress 80,000 Accumulated Depreciation 300,000 Accounts
An enterprise fund includes the following information:
Cash $80,000 Inventory $50,000 Buildings & Equipment 700,000 Land 100,000 Construction in progress 80,000 Accumulated Depreciation 300,000 Accounts Payable 40,000 Bonds Payable (new construction) 150,000
What amount should be reported as Net Investment in Capital Assets?
| $580,000 | ||
| $710,000 | ||
| $670,000 | ||
| $330,000 | ||
| $350,000 | ||
| $430,000 |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
