The general fund of Reston acquired computer equipment costing $70,000 during the fiscal year ended June 30, 20X9. Machinery and Equipment should be reported in Reston's General Fund Balance Sheet and government-wide Statement of Net Assets at June 30, 20X9, as follows: General FundBalance SheetStatement ofNet AssetsA)$70,000 $70,000 B)$70,000 $0 C)$0 $70,000 D)$0 $0
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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