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An Enterprise Fund (EF) issued bonds in the amount of $100,000 and immediately acquired capital assets from the bond proceeds at a cost of $100,000. As of December 31, 2018, accumulated depreciation on the assets was $10,000. Also, as of December 31, 2018, the EF had paid back $15,000 of the debt principal. In its December 31, 2018, statement of net position, how much should the EF report as its net investment in capital assets
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An Enterprise Fund (EF) issued bonds in the amount of $100,000 and immediately acquired capital asse...
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