Which of the following scenarios is NOT an instance where assets may be properly reported as held for resale in a governmental fund?

Assets that are classified as held for resale typically pertain to situations where they are intended to be sold as part of the normal operations of a government or related entity, which aligns with the entity's purpose or functions. In this context, assets like foreclosure assets, redevelopment properties, and donated capital assets, as listed in the other options, are specifically intended for resale, either as part of managing public assets or responding to community needs.

When considering the scenario of assets acquired for office use, these are not intended for resale. Instead, these assets are utilized to support the operational functions of the governmental entity. They are classified as capital or operational assets and are reported accordingly on the balance sheet. Therefore, the scenario of assets acquired specifically for office use is not aligned with the purpose of holding assets for resale, making it the correct answer in this instance.

In essence, the distinction lies in the intended use of the asset: if it is meant for operational support rather than resale, it does not fall into the category of assets held for resale. This insight is critical for understanding the classification of assets in governmental accounting practices.