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A plant site donated by a manufacturer to a township that plans to build a new public marina should be recorded on the manufacturer's books

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A plant site donated by a manufacturer to a township that plans to build a new public marina should be recorded on the manufacturer's books at the site's book value as a loss. as a donation expense at the site's fair value. at a gain equal to the site's book value. O as a revenue at the site's fair value

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