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During the year, a local merchant donated a building to the City of Stage Coach. The original cost of the building was $300,000. Accumulated depreciation
During the year, a local merchant donated a building to the City of Stage Coach. The original cost of the building was $300,000. Accumulated depreciation at the date of the gift amounted to $250,000. The acquisition value of the donation at the date of the gift was $600,000. At what amount should this contribution be recorded in the governmental activities accounts at the government-wide level?
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