Expenditures were 3000000 in 2006 and 2015000 in 2007, Ask an Expert

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In 2006, the Sim City signed a contract in the amount of $5,000,000 for the construction of a new city hall. Expenditures were $3,000,000 in 2006 and $2,015,000 in 2007, including a change order in the amount of $15,000. What amount should be added to net capital assets in the governmental activities accounts in 2007?

A) $5,000,000

B) $5,015,000

C) $2,015,000

D) None of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9412380

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