New plant by the federal government

Reference no: EM131002105

Daimler Chrysler completed its first year of production of the Jeep Liberty in 2001. This pro- duction was in a new plant that cost $1.2 billion.

DaimlerChrysler was assisted in financing this new plant by the federal government, state government, the City of Toledo, and Lucas County. The county pledged $2 million by 2002 to help the City of Toledo acquire and improve the site for the new plant.

Required:

How would the county account for its $2 million expenditure?

Reference no: EM131002105

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