The funds of a county government report the following noncurrent asset acquisitions during the year: General fund
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Question:
The funds of a county government report the following noncurrent asset acquisitions during the year:
General fund $4,000,000
Capital projects fund 9,000,000
Special revenue fund 500,000
Internal service fund 1,000,000
Enterprise fund 5,200,000
Fiduciary funds 200,000
On the government-wide statement of net position, what amount of the above acquisitions will be capitalized as assets?
Select one:
A. $14,500,000
B. $ 6,200,000
C. $19,500,000
D. $19,700,000
Posted Date: