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During the year, an enterprise fund purchased $230,900 worth of equipment. The equipment was acquired with a cash down payment of $30,200 and a
During the year, an enterprise fund purchased $230,900 worth of equipment. The equipment was acquired with a cash down payment of $30,200 and a $200,700 loan. A partial year of depreciation on the equipment was taken in the amount of $22,800. What is the net effect of this transaction on the net position accounts of the enterprise fund? Multiple Choice Net investment in capital assets is increased by $7,400. Net investment in capital assets is increased by $30,200. Net investment in capital assets is increased by $208,100. Net investment in capital assets is increased by $230,900.
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