4. The general fund reports activities related to county buildings and equipment. Following is information...
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4. The general fund reports activities related to county buildings and equipment. Following is information concerning these capital assets, for the year ended June 30, 2021. Beginning Ending balance balance Increases Decreases Capital assets, original cost $10,000,000 Accumulated depreciation Capital assets, net $850,000 (640,000) $ 210.000 $(200,000) 120,000 $ (80,000) $10,650,000 (2,620,000) $8.030.000 (2,100,000) $ 7,900,000 Capital assets were acquired for cash, and $240,000 in cash was received from the sale of capital assets during 2021. Required Calculate the following amounts: Government-wide statement of activities for the year ended June 30, 2021 General government expense Gain or loss on sale of capital assets a. 2$ b. Government-wide statement of net position at June 30, 2021 Capital assets, at cost Accumulated depreciation Capital assets, net 2$ Governmental funds statement of revenues, expenditures, and changes in fund c. balances, year ended June 30, 2021 Expenditures Other financing sources 2$
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