Question: Metlock issued an ( 8 % , 1 0 ) - year ( $ 2 , 0 0 0 ,

Metlock issued an \(8\%,10\)-year \(\$ 2,000,000\) bond to build a monorail mass transit system. The city received \$1,754,217 cash from the bond issuance on January 1,2025. The bond yield is 10\%. Interest is paid annually on December 31 of each year. Disclosure information about capital assets is reported below.
Disclosure of Information about Capital Assets for the Year Ending December 31,2025
Primary Government
Depreciation expense charged to governmental activities as follows:
Metlock's governmental funds financial statements are as follows:
Metlock issued an \ ( 8 \ % , 1 0 \ ) - year \ (

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