What should be reported for the buildings

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Reference no: EM131264856

The City of Bacon is located in the County of Pork. The city has a school system and reports buildings at a net $3.6 million although they are actually worth $4.2 million. The county has another school system and reports buildings at a net $5.2 million although they are actually worth $5.6 million. Both school systems are viewed as special purpose governments. If the school systems are combined in a merger, what should be reported for the buildings?

$9.8 million.

$8.6 million.

$9.4 million.

$8.8 million.

Reference no: EM131264856

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