The City of Thomasville maintains its books so as to prepare fund accounting

statements and prepares worksheet adjustments in order to prepare government$-$wide

financial statements.

Required: Prepare government$-$wide statement worksheet entries $($on page $6)$ for

each of the following situations.

A$.$ General fixed assets, as of the beginning of the year, were as follows:

B$.$ During the year, expenditures for capital outlays amounted to $$140,000.$ Of

that amount, $$120,000$ was for buildings; $$20,000$ was for equipment.

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, $40$ years; equipment, $10$ years.

D$.$ Land with a cost of $$60,000$ was sold for $$125,000$ during the year.