Which set of items contribute to the $527,500 total general capital assets?

• A. Town hall building, Town swimming pool, Police cars
• B. Town hall building, Town swimming pool, Office supplies
• C. Town hall building, Police cars, Office supplies
• D. Town hall building, Police cars, Equipment

Answer: (D)

General capital assets are long-term, non-consumable items used to provide government services and that meet the capitalization threshold. The town hall building, police cars, and equipment fit this description as typical capital assets that are depreciated over their useful lives. Office supplies are consumables and not capitalized, so they don’t count toward the general capital assets balance. The town swimming pool is usually categorized separately (often as infrastructure) and isn’t included in the general capital assets total in this context. Therefore, the combination that contributes to the 527,500 total is the town hall building, police cars, and equipment.