If a city acquires a new office building under a capital lease agreement,
1)The cost of the building should be recorded in the ____________ general journal(s).
2)The "cost" of the building is computed as _______________.
3)A governmental fund should record the cost of the building as an Expenditure,offset by a credit to _______________.
4)The liability for the capital lease should be recorded in the __________ general journal(s).
5)The liability should be computed as _______________.

Question

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The Answer of If a city acquires a new office building under a capital lease agreement,
1)The cost of the building should be recorded in the ____________ general journal(s).
2)The "cost" of the building is computed as _______________.
3)A governmental fund should record the cost of the building as an Expenditure,offset by a credit to _______________.
4)The liability for the capital lease should be recorded in the __________ general journal(s).
5)The liability should be computed as _______________.

If a City Acquires a New Office Building Under a Capital