Drop Down Selection:

Amortization

Are economic resources

Are financial resources

Are not economic resources

Are not financial resources

Are not reported

Are reported

Capital outlays

Depreciation

Expenditures

Expenses

Reporting reconciliation between fund and government-wide financial statements Oliver City reported capital assets of $3,225,000 and accumulated depreciation of $1,500,000 in the governmental activities column of its government-wide statement of net position for the year ended December 31, 2021. The total governmental funds column in Oliver's calendar year 2022 statement of revenues, expenditures, and changes in fund balances showed that Oliver's capital outlay expenditures were $255,000. Oliver City's director of finance estimated that total depreciation for 2022 was $150,000. Certain journal entries were required before government-wide financial statements could be prepared. Complete the sections of the reconciliation of the governmental fund to government-wide financial statements related to those entries. Enter reductions as negative amounts. Partial Reconciliation of Governmental Funds Balance Sheet to Government-wide Statement of Net Position Amounts reported in the statement of net position are different because: Governmental funds report capital assets as 4 . In the statement of activities, the costs of capital assets are allocated over their useful lives as > The amount by which in the current period exceeded is $