During the year an enterprise fund purchased $230,000 worth of equipment. The equipment was acquired with a cash down payment of $30,000 and a $200,000 loan. A partial year of depreciation on the equipment was taken in the amount of $23,000. What is the net effect of this transaction on the net position accounts of the enterprise fund?
a. Net investment in capital assets is increased by $7,000.
b. Net investment in capital assets is increased by $30,000.
c. Net investment in capital assets is increased by $207,000.
d. Net investment in capital assets is increased by $230,000.