A Bridge Construction Project, Accounted for in a Capital Projects $\quad$

A bridge construction project, accounted for in a Capital Projects Fund, is in Year 2 of an anticipated three year construction period. In Year 1, costs of $300,000 were incurred. In Year 2, $1,530,000 of costs were incurred. What entry would be necessary in the General Capital Assets accounts for Year 2? $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\quad$$\begin{array}{lrr}&\quad\text { Debit } &\quad\quad \text { Credit }\end{array}$
A)
$\begin{array}{lcc}\text { Capital Outlay } &\quad\quad\quad\quad\quad \$ 1,530,000 \\\text { Cash }&& \$ 1,530,000 \\\end{array}$

B)
$\begin{array}{lcc}\text { Construction in progress }&\quad \$ 1,530,000 \\\text { Cash }&& \$ 1,530,000 \\\end{array}$

C)
$\begin{array}{lcc}\text { Construction in progress } & \$ 1,530,000\\\text { Net investment in capital assets }& & \$ 1,530,000 \\\end{array}$

D)
$\begin{array}{lcc}\text { Construction in progress } & \$ 1,830,000\\\text { Net investment in capital assets }&& \$ 1,830,000 \\\end{array}$