The City of Sabah maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements. Required: You are to prepare, in journal form, worksheet adjustments for each of the following situations.

a. General fixed assets, as of the beginning of the year, which had not been recorded, were as follows:

Land $ 8,000,000

Buildings 56,000,000

Improvements other than buildings

45,000,000 Equipment 7,200,000

Accumulated depreciation, capital assets 15,000,000

b. During the year, expenditures for capital outlays amounted to $25,200,000. Of that amount, $16,400,000 was for buildings; $3,900,000 was for improvements other than buildings, $150,000 was capitalized interest and the remainder was for land.

c. The capital outlay expenditures outlined in (B) were completed at the end of the year (no depreciation until next year). For purposes of financial statement presentation, all capital assets are depreciated using the straight-line method, with no estimated salvage value. Estimated lives are as follows: buildings, 50 years; improvements other than buildings, 25 years; equipment, 12 years.

d. Equipment with a cost of $250,000 and accumulated depreciation at the time of sale of $170,000 was sold for $50,000.