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During Year 1, Orange County incurred $2,000 of depreciation expense and bought a capital asset valued at $8,000. Orange County reported a net increase of

During Year 1, Orange County incurred $2,000 of depreciation expense and bought a capital asset valued at $8,000. Orange County reported a net increase of $1,800 in its fund balance for governmental funds at end of Year 1. What amount of change in a net position for governmental activities should Orange County report? Please show computation.

A. $7,800 B. ($2,000) C. $8,800 D. $1,800

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