The Police Department of the City of Newport Purchased 10

The police department of the city of Newport purchased 10 new patrol cars at the beginning of the new budget year at a total cash price of $250,000. This purchase will

A) Increase capital assets reported in the General Fund by $250,000.
B) Have no effect on capital assets in the General Fund, but will decrease fund balance in the General Fund by $250,000.
C) Increase capital assets reported in the General Fund by $250,000, as well as decrease fund balance in the General Fund by the same amount.
D) Increase both capital assets and fund balance in the General Fund by $250,000.