On the governmentwide statement of net position for the year-end, what amount should be reported for the capital assets in the net position section?a. $550,000

b. $780,000

c. $1,330,000

d. $1,450,000

Mountain View City is preparing its governmentwide financial statements for the year. As of the year-end, the city has determined the following information for
its capital assets, exclusive of its infrastructure assets:

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Cost of capital assets acquired by governmental funds Accumulated depreciation on the capital assets Outstanding debt related to the capital assets $1,450,000 120,000 780,000