In 2011,Weaver City Signed a Contract in the Amount of $6,000,000

question 51

Multiple Choice

In 2011,Weaver City signed a contract in the amount of $6,000,000 for the construction of a new city hall.Expenditures were $4,000,000 in 2011 and $2,050,000 in 2012,which included a change to the original construction design in the amount of $50,000.What amount should be added to net capital assets in the governmental activities accounts in 2012?

• A)$6,000,000
• B)$6,050,000
• C)$2,050,000
• D)$2,000,000.

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Definitions:

Critical Numbers

Values in the domain of a function where its derivative is zero or undefined, significant for finding local maxima and minima.

Alone

Being separate or isolated.

Task

A piece of work or duty to be completed, often with a specific objective.

Compounded Annually

Refers to the process of calculating and adding interest to the principal balance of an investment or loan once per year.