FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following items were included in Simple City's General Fund expenditures for the year ended June 30:

 
Computer for the city treasurer's office $ 6,000
Furniture for the mayor’s office $ 20,000
 

How much should be classified as capital assets in Simple City's government-wide statement of net position at June 30?

 

Multiple Choice
 

$26,000

$0

$20,000

$6,000

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