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Question: The City of Bacon is located in


The City of Bacon is located in the County of Pork. The city has a school system that reports buildings at a net $3.6 million although they are actually worth $4.2 million. The county has a separate school system that reports buildings at a net $5.2 million although they are actually worth $5.6 million. Both school systems qualify as special-purpose governments. If the school systems are combined in a merger, what balance should be reported for the buildings?
a. $8.6 million
b. $8.8 million
c. $9.4 million
d. $9.8 million

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