The Following Balances Are Included in the Subsidiary Records of Carrollwood

question 46

Multiple Choice

The following balances are included in the subsidiary records of Carrollwood: Town hall building .................... $500,000
Town pool (supported by user fees) ...... 100,000
Police cars .......................... 20,000
Equipment .......................... 7,500
Office supplies ....................... 1,000
What is the total amount of general capital assets held by the town?

• A) $527,500.
• B) $528,500.
• C) $627,500.
• D) $628,500.

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Definitions:

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