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The actual cost incurred in year 2 is 12000 assuming the

A city encumbers $15,000 in Year 1 for a computer server, and the actual cost incurred in Year 2 is $12,000. Assuming the encumbrance was carried over, the impact on unreserved fund balance is:

a. Year 1: increase $15,000; Year 2: decrease $12,000
b. Year 1: decrease $15,000; Year 2: increase $3,000
c. Year 1: no effect; Year 2: decrease $12,000
d. Year 1: decrease $15,000; Year 2: decrease $12,000

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