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Tree City reported a $1,500 net increase in fund balance for govemmental funds. During the year, Tree purchased general capital assets of $9,000 and recorded

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Tree City reported a $1,500 net increase in fund balance for govemmental funds. During the year, Tree purchased general capital assets of $9,000 and recorded depreciation expense of $3,000. What amount should Tree report as the change in net position for governmental activities? ($4,500)$1,500$7,500$10,500

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