4. The following information is from a city’s government-wide statement of net position at December 31, 2021: Capital as

[answerhappygod]

4. The following
information is from a city’s government-wide statement of net
position at December 31, 2021:
Capital
assets
$4,500,000
Accumulated depreciation, capital
assets
$2,400,000
Bonds
payable

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The following information is from the
city's governmental funds statement of revenues, expenditures, and
changes in fund balances for the year ended December 31, 2021:
Expenditures - capital outlay (General
Fund)
$ 60,000
Expenditures - capital outlay (Capital
Projects
Fund)
$900,000
Depreciation on old and new assets during the year was
$546,000.
Required: Prepare journal entries so the
foregoing information can be used in a work sheet to prepare
government-wide financial statements for the year ended December
31, 2015.