HomeMy WebLinkAboutNC Comprehensive Report (Finance) (51)CITY OF NATIONAL CITY
Notes to the Basic Financial Statements
(Continued)
Capital Assets, (Continued)
Depreciation expense for governmental activities for the year ended June 30, 2012 of
$4,665,527 was allocated as follows:
General government
Community development
Culture and leisure
Public safety
Transportation
$ 325,616
7,040
672,559
1,021,921
2,638,391
$4 665,527
The following is a summary of changes in the capital assets for business -type activities at
June 30, 2012:
Balance at Balance at
July 1, 2011 Additions Deletions June 30, 2012
Business -type activities:
Depreciable:
Buildings and improvements $ 15,684,584
Machinery and equipment 462,153
Total depreciable capital assets
Less accumulated depreciation
Buildings and improvements
Machinery and equipment
Total accumulated depreciation
Total depreciable assets, net
Non -depreciable assets:
Land
16,146,737
$ (7,958,087)
(1,500,692)
(9,458,779)
(321,529)
(92,043)
(413,572)
6,687,958 (413,572)
528,382
Total non -depreciable capital assets 528,382
Capital assets, net $ 7,216,340 (413,572)
15,654,171
492,568
16,146,739
(321,529) 15,654,171
(1.592,735)
(9,872,351)
6,274,386
528,382
528,382
6,802,768
Depreciation expense for business -type activities for the year ended June 30, 2012 was
allocated as follows:
Kimball Towers $ 187,353
Morgan Towers 226,219
Total depreciation expense
$413,572
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