On 5/1/2020, Cooperstown, PN purchased a new firetruck for city use. The cost of the truck was 1.2 million. A long-term n/p was issued for the full price of the truck on the same date and proceeds were used to purchase the truck. It is a two-year 8% note, and principal and interest are due in full on 5/1/2022. The truck will be used for 10 years with no salvage expected. Answer the following questions related to this purchase assuming the General Fund was used. SL depreciation.

Question: Now at 12/31/2020 what is the impact on Fund Balance in the General Fund related to any ADJUSTMENTS that need to be made?