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Business, 16.04.2020 05:00 smartowl101

Westfield County reports all capital asset activities used in general government operations in its general fund. The following changes related to capital assets occurred during 2019: Beginning Increases Decreases Ending Capital assets, original cost $3,200,000 $375,000 $(385,000) $3,190,000 Accumulated depreciation (1,300,000) (215,000) 240,000 (1,275,000) Capital assets, net $1,900,000 $160,000 $(145,000) $1,915,000 Capital assets were acquired for cash, and $100,000 in cash was received from the sale of capital assets during 2019. Instructions: Do not use negative signs with any of your answers below. If the information is not reported on a financial statement, select Not applicable as the account and leave the amount blank (zero). Required How will the above information be reported on each of the following financial statements? Indicate account names and amounts. a. Government-wide statement of activities for 2019 Account Amount Expense Answer (145,000) Answer Answer 160,000 b. Government-wide statement of net position at 2019 year-end Account Amount Answer Answer 1,915,000 c. Governmental funds statement of revenues, expenditures, and changes in fund balances for 2019 Account Amount Expenditures: capital outlay Answer 0 Answer Answer 0 d. Governmental funds balance sheet at 2019 year-end Account Amount Answer Answer 0

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Westfield County reports all capital asset activities used in general government operations in its g...
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