Concerning the government-wide statement of net assets, describe what information is included in the governmental activites column, the business type activities column, and the column for the total primary government.

When a governmental entity finances the purchases of a fixed asset, the acquisition is treated as an expenditure and reduces net financial resources during the year of acquisition. During the years that principal and interest payments are being made on the debt incurred to finance the fixed asset acquisition, the amount of the principal and interest is also treated as expenditures. This appears to reduce the net financial resources by twice the cost of the fixed asset. Discuss these transactions and their overall effect on the net financial resources of the governmental entity.