At the beginning of fiscal 2019, a county government acquires equipment for $4,000,000. The equipment has an estimated life of 5 years, and straight-line depreciation is used, with no residual value, if appropriate. At the end of fiscal 2020 (two years later), the government disposes of the equipment for $1,800,000.

If the equipment is reported in an enterprise fund, how is its disposal reported in the fiscal 2020 CAFR?

A. $1,800,000 other financing source in the proprietary funds operating statement and $600,000 loss in the government-wide statement of activities.

B. $1,800,000 revenue in the proprietary funds operating statement and $600,000 loss in the government-wide statement of activities.

C. $600,000 loss in the proprietary funds operating statement and the government-wide statement of activities

D. $1,800,000 revenue in the proprietary funds operating statement and the government-wide statement of activities.