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During the year, an individual donated equipment to the City. The original cost of the equipment was $30,000. Accumulated depreciation at the date of the

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During the year, an individual donated equipment to the City. The original cost of the equipment was $30,000. Accumulated depreciation at the date of the gift amounted to $25,000. The acquisition value of the donation at the date of the gift was $60,000. At what amount should this contribution be recorded in the governmental activities accounts at the government-wide level? $0 $5,000 $30,000 $60,000

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