A City Acquired Two Vehicles in a Particular Year: (1)a

A city acquired two vehicles in a particular year: (1) a sedan for $20,000 that was paid for through the General Fund and (2) a sanitation truck for $125,000 that was paid for through the Capital Projects Fund.How should the assets be reported in the city's fund-level financial statements?

A) $145,000 should be reported as assets in the general fund
B) $20,000 should be reported as assets in the general fund and $125,000 should be reported as assets in the capital projects fund
C) $145,000 should be reported as assets in the capital projects fund
D) neither acquisition should be reported as assets in the fund-level financial statements