Coro. has agreed to expand its operations by opening a manufacturing plant in Bel Air, Minor Maryland. In return, Bel Air will donate a Minor. The land originally cost $1,000,000 and the building $3,000,000. The bu book value is $380,000, and current appraisals are: land $8,000,000 and bu Minor has also agreed to provide 100 jobs for the next 5 years to Bel Airs' city resid estimates that the wages to these residents will amount to $4,000,000 5. n abandoned building and the 5 acres on which it sits to ilding S3,600,000. ents. Minor Required: Prepare the journal entry to record this acquisition on Minor's books