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The following items were among New Jersey Citys expenditures from the general fund during the year ended June 30, year 1: Furniture for City Hall

The following items were among New Jersey Citys expenditures from the general fund during the year ended June 30, year 1:

Furniture for City Hall $245,000

Computers for property assessors office 4,900

How much should be classified as fixed assets in New Jersey Citys general fund balance sheet at June 30, year 1? A. $159,900. B. $245,000. C. $0. D. $4,900.

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