At the beginning of fiscal 2024, 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 2025 (two years later), the government disposes of the equipment for $1,800,000. If the equipment is reported in the general fund, how does it appear in the fiscal 2024 ACFR?

a. $4,000,000 expenditure in the governmental funds operating statement and the government-wide statement of activities. 

b. $4,000,000 expenditure in the governmental funds operating statement and $3,200,000 capital asset in the government-wide statement of net position. 

c. $3,200,000 capital asset in the governmental funds balance sheet and the government-wide statement of net position. 

d. $4,000,000 other financing use in the governmental funds operating statement and $3,200,000 capital asset in the government-wide statement of net position.