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Question 5 of 10 1 S w 1l see Wiew Policies Current Attempt in Progress The following schedule of capital assets was prepared for Capital
Question 5 of 10 1 S w 1l see Wiew Policies Current Attempt in Progress The following schedule of capital assets was prepared for Capital City. Beginning Ending Government Activities Balance Additions Retirements Balance Total Capital Assets (gross) $508,000 100.000 (77,000) $531.000 Less: Accumulated Depreciation (198.000) (31,000} 23,000 (206.000) Met Capital Assets $310,000 69,000 (54,000) $325,000 All capital acquisitions were made in a capital projects fund (and paid for with cash). An asset was sold by the general fund for $64,000 cash. Determing how the above information will be reflected on each of the following statements for the year 2025. 1. The governmental funds' statement of revenue, expenditures, and changes in fund balances. List the governmental fund and then list the dollar amount within the appropriate heading on the statement (such as Revenues, Expenditures, or Other Financing Sources [Uses)). Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balance For the year ended December 31, 2025 Capital Projects Fund General Fund Debt Service Fund Total Governmental Funds 2. The government-wide statement of net position. Government-wide Statement of Net Position December 31, 2025 Net Capital Position $ 3. The government-wide statement of activities. Government-wide Statement of Activities For the Year Ended December 31, 2025
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