Which item among the given data is a general capital asset?

• A. Town swimming pool
• B. Town hall building
• C. Office supplies
• D. Cash in the General Fund

Answer: (B)

General capital assets are long-lived, tangible assets that the government uses to provide services across the organization and that are not tied to a single program. A town hall building fits this description because it supports the government’s general administrative functions over many years and is not limited to a specific project or program. A municipal swimming pool, while a long-lived asset, is typically tied to recreation services and managed as a program or enterprise asset rather than a general one. Office supplies are short-term items and are expensed, not capitalized, and cash in the General Fund is a current asset. Hence, the town hall building is the general capital asset.