Question 9 Not complete Marked out of 10.00 P Flag question Nuevo York County maintains the Metro Bus Enterprise Fund to account for the activities of its municipal bus service. The following information is reported in the fund's statement of net position at year-end: Land $640,000 Buses and bus garage 4,000,000 Accumulated depreciation 1,760,000 Current portion of bonds payable 400,000 Noncurrent portion of bonds payable 2,240,000 The bonds were issued to finance acquisition of the buses and the garage. How much should the fund report as "Net investment in capital assets" in the statement of net position? Select one: O a. $2,000,000 o b. $640,000 o c. $2,880,000 O d. $240,000 Check