Question: Note how each of the following transactions affects (a) Net assets invested in capital assets, net of related debt, (b) Restricted net assets, and (c)
Note how each of the following transactions affects
(a) Net assets invested in capital assets, net of related debt,
(b) Restricted net assets, and
(c) Unrestricted net assets. (Record N/A if there is no effect on the net asset section.)
1. The sale of a building for a gain
2. Depreciation of an asset
3. The issuance of capital asset-related debt
4. The payment of capital asset-related debt
5. Property taxes are levied and collected
6. Supplies are purchased and used
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