Reconciliations to yield government-wide financial statements (capital assets) The City of Boxborough is preparing its government-wide financial statements from its fund financial statements. The City identifies Capital Assets with a book value of $400,000 (all numbers in $1,000 s) at the beginning of the year that are depreciated at the rate of $20,000 per year. Its records also indicate that it spent $240,000 on new Capital Assets during the year. What two reconciliation entries must the City include in its government-wide financial statements relating to Capital Assets