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Business, 15.11.2019 04:31 madisynivy6

Alocal citizen donated land with a fair market value of $500,000 to the county government. the donor had paid $550,000 for the land five years ago. the county incurred $150,000 in development costs to convert the land into a public park. the county would capitalize the new public park at
a) $500,000.
b) $550,000.
c) $700,000.
d) $650,000.
e) $0.

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Alocal citizen donated land with a fair market value of $500,000 to the county government. the donor...
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