A wealthy alumnus donated land to be used for a new arts and sciences building at the local state university. The land has a fair market value of $$250,000.$ The donor purchased the land ten years ago at a cost of $$75,000.$ The entry to record the receipt of the donation would be

A$)$ DEBIT $-$ Land $$75,000$

CREDIT $-$ Special Item $$75,000$

B$)$ DEBIT $-$ Land $$250,000$

CREDIT $-$ Special Item $$250,000$

C$)$ DEBIT $-$ Land $$250,000$

CREDIT $-$ Capital Contributions $$250,000$

D$)$ DEBIT $-$ Land $$75,000$

CREDIT $-$ Capital Contributions $$75,000$