g. Depreciation of $100,000 on buildings, $50,000 on machinery and equipment, and $25,000 on infrastructure were recorded. 1. Prepare journal entries only for those transactions that are to be...

g. Depreciation of $100,000 on buildings, $50,000 on machinery and equipment, and $25,000 on infrastructure were recorded.

1. Prepare journal entries only for those transactions that are to be accounted for in the general fixed assets account group. Use the city’s account titles.

2. Prepare a schedule of capital assets as of December 31, 2019.