A local 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