The City of Oak Park Constructed a New Storage Facility

question 19

Multiple Choice

The City of Oak Park constructed a new storage facility using the city's own public works employees. Construction costs were incurred in the amount of $900,000, plus $25,000 in interest on short-term notes used to finance construction. What amount should be capitalized in the government-wide statements?

• A) $900,000.
• B) $925,000.
• C) $875,000.
• D) $0.

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Definitions:

Fiber-Optic Cable

A type of cable made of glass or plastic fibers that transmit data as light pulses, offering high bandwidth and low signal loss.

EtherNet/IP Protocol

A communications protocol widely used in industrial applications for networking various devices, including PLCs and sensors, over Ethernet.

Control and Information Protocol

A network protocol used in industrial automation to manage and transfer control data and device information.