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During the year, an enterprise fund purchased $231,550 worth of equipment. The equipment was acquired with a cash down payment of $30.350 and $201,200
During the year, an enterprise fund purchased $231,550 worth of equipment. The equipment was acquired with a cash down payment of $30.350 and $201,200 loan. A partial year of depreciation on the equipment was taken in the amount of $22,650. 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 $208,900 Net investment in capital assets is increased by $231550 Net investment in capital assets is increased by $30.350 Net Investm nt in capital assets is increased by $7700.
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