Final answer:
The correct answer to the calculation of total general capital assets held by the town, excluding the town pool, is $528,500 which corresponds to option (B).
Step-by-step explanation:
The total amount of general capital assets held by the town is calculated by adding the value of the town hall building, police cars, equipment, and office supplies. The town pool is supported by user fees and may not necessarily be considered a general capital asset, it may be considered a business-type activity instead. Therefore, it should not be included in the total for general capital assets. To determine the total general capital assets:
- Town hall building: $500,000
- Police cars: $20,000
- Equipment: $7,500
- Office supplies: $1,000
Adding these amounts together gives us $500,000 + $20,000 + $7,500 + $1,000 = $528,500.
Thus, the correct answer is (B) $528,500.