Solved: How much should be classified as capital assets in wilsons, Accounting Basics

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How much should be classified as capital assets in wilsons

The City of Wilson's General Fund expenditures for fiscal year 2017 included the following: laptop computer for the City Clerk $4,000; furniture for the Assessor's Office $10,000. How much should be classified as capital assets in Wilson's General Fund balance sheet at June 30, 2017.

a. $14,000
b. $10,000
c. $4,000
d. $0

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Accounting Basics: How much should be classified as capital assets in wilsons

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