V eTextbooks | Rent or Buy Or X Assignments: ACC.430.1.M.( X Question 8 - Chapter 5 Hon X Mail - Douglas, Takailah A - X *Course Hero x Focus on You Fall 2022 - Fo x + V X C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheprodu... @ Update Chapter 5 Homework i Saved Help Save & Exit Submit Check my work 8 4. During the current year, a capital projects fund completed a new public safety building started in the prior year. The total cost of the project was $9,945,000; current- year construction costs totaled $765,000, paid in cash. The full cost is attributed to the building because it was constructed on city-owned property. The building came in $5,900 under budget, which is transferred to the General Fund. 4a Capital Project Fund Record the $765,000 cash payment made for construction costs during this year. 10 points 01:13:02 4b Record the balance $5,900 transferred to the General Fund Book 4c General Fund Print 4d Governmental Activities Record in the governmental activities general journal, the $765,000 cash payment made for construction costs during this year. References 4e Record in the governmental activities general journal, the completion of a new public safety building on city-owned property started in the prior year costing $9,945,000 5. The city records a half year of straight-line depreciation on capital assets placed in service during the year. The building in item 4 above has an estimated 30-year life and no salvage value. General Fund Governmental Activities 6. Due to technological developments, the city determined that the service capacity of some of the technology equipment used by general government had been impaired. The calculated impairment loss due to technology obsolescence was $1,246,000. 6 General Fund Mc 58.F 99+ 10:45 PM Mostly clear O O 9 W X 10/6/2022 21