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How much should Meen County include in net investment

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Problem - During fiscal year 2019, Meen County issued $1,000,000 of bonds to purchase trucks. Accumulated depreciation on the trucks was $180,000, and $200,000 of the principal of the bonds has been paid. How much should Meen County include in net investment in capital assets when it reports its government-wide statement of net position?

a. $20,000

b. $820,000

c. $800,000

d. $1,000,000

Reference no: EM132695176

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