The Following General Capital Assets Were Owned by the Town

question 40

Multiple Choice

The following general capital assets were owned by the Town of Otterville: Town buildings $3,250,000
Intangible assets 1,000,000
Streets,sidewalks,and water lines 2,000,000
What amount should be recorded as capital assets in the town's governmental activities accounts?

• A) $0.
• B) $3,250,000.
• C) $5,250,000.
• D) $6,250,000.

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