The following general capital assets were owned by, Financial Accounting

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The following general capital assets were owned by

The following general capital assets were owned by Fearville City: City Buildings: $4,100,000 Equipment: $1,100,000 Streets, sidewalks, and water mains: $2,900,000 what amount should be recorded as capital assets in the City's governmental activities account if Fearville follows GASB standards? A. 0; B. $2,900,000; C. $5,200,000; D. $8,100,000

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