. Benjamin acquired a plant site from Monroe County on September 18 . The county agreed to give Benjamin the site in exchange for Benjamin's promise to locate a business location on the site. The land has a fair market value of $400,000. Benjamin has agreed to pay property taxes on the site based on the county tax assessor's value of $315,000. If this is a correct Journal entry, should there be additional entries? If so, what and what are the specific ASC Codifications that justify your answer and equation. ASC Codifications must be presented as xxxxxxxx and must come from: asc.fasb.org