During the year, a wealthy local merchant donated a land and building to the city of Pasadena. The donor's book value was $50,000 at the date of the gift. The acquisition value was $600,000. At what amount should Rosewood record this donated property? $50,000 in both General Fund and Govemment Wide $0 in General Fund and $50,000 in Govemment Wide. $600,000 in both General Fund and Govemment Wide. $0 in General Fund and $600,000 in Government Wide