Vaughn issued an $9\%,10-$ year $$2,000,000$ bond to build a monorail mass transitsystem. The city received $$2,764,431$ cashifrom the bond issuance on January $1,2025.$ The bond yield is $11\%.$ Interest is paid annually on December $31$ of each year. Disciosure information about capital assets is reported below.

Disclosure of Information about Capital Assets for the Year Ending December $3\mathrm{.}1,2025$

$\backslash$table$[[,,$Primary Government,$],[$Governmental Activities,$\backslash$table$[[$Beginning$],[$Balance$]],$Additions,Retirements,$\backslash$table$[[$Ending$],[$Bolance$]]],[$Land$,$$$500000,,,$$$500,000$