An Enterprise Fund (EF) Issued Bonds in the Amount of $100,000

Multiple Choice

An Enterprise Fund (EF) issued bonds in the amount of $100,000 and immediately acquired capital assets from the bond proceeds at a cost of $100,000. As of December 31, 2018, accumulated depreciation on the assets was $10,000. Also, as of December 31, 2018, the EF had paid back $15,000 of the debt principal. In its December 31, 2018, statement of net position, how much should the EF report as its net investment in capital assets?

A) $90,000
B) $85,000
C) $15,000
D) $5,000