The following general capital assets were owned by the town of Otterville: What amount should be recorded as capital assets in the town's governmental activities accounts if Otterville follows GASB standards?

Question

The following general capital assets were owned by the town of Otterville:  What amount should be recorded as capital assets in the town's governmental activities accounts if Otterville follows GASB standards?

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The Answer of The following general capital assets were owned by the town of Otterville:  What amount should be recorded as capital assets in the town's governmental activities accounts if Otterville follows GASB standards?

The Following General Capital Assets Were Owned by the Town