A governmental fund's Statement of Revenues,Expenditures,and Changes in Fund Balances reported expenditures of $40 million,including capital outlay expenditures of $12 million. Capital assets for that government cost $80 million,including land in the amount of $10 million. Depreciable assets are amortized over 10 years,on average. The reconciliation from governmental fund changes in fund balances to governmental activities change in Net Position would reflect a(an) :
A) $4 million increase.
B) $5 million increase.
C) $5 million decrease.
D) $12 million decrease.
Correct Answer:
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