Prepare the General Capital Asset Note Disclosure - using the following information:

City of Springfield
General Capital Assets Note Disclosure Worksheet
FY 20X4 Transactions
		Beginning				Ref				Ref		Ending
		Balance		Increases		#		Decreases		#		Balance
Nondepreciable Assets
Land		800,000		110,000								910,000
Construction in Progress		1,700,000		1,200,000								2,900,000
	Total Nondepreciable Assets	2,500,000		1,310,000				-				3,810,000
Depreciable Assets
Buildings		5,300,000										5,300,000
Machinery & Equipment		1,750,000						(300,000)				2,300,000
		850,000
Leased Equipment		-		90,000								90,000
Infrastructure		13,000,000										13,000,000
	Total Depreciable Assets	20,900,000		90,000				(300,000)				20,690,000
Accumulated Depreciation
Buildings		(2,200,000)		(245,000)								(2,445,000)
Machinery & Equipment		(550,000)		(222,000)				187,000				(730,000)
		(145,000)		-
Leased Equipment		-										-
Infrastructure		(6,000,000)		(520,000)								(6,520,000)
	Total Accumulated Depreciation	(8,895,000)		(987,000)				187,000				(9,695,000)
	Total Depreciable Assets, Net	12,005,000		(897,000)				(113,000)				10,995,000
Governmental Activities Capital Assets, Net		14,505,000		413,000				(113,000)				14,805,000