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Edison Company is a large manufacturer that specializes in LED light bulbs. Edison is interested in expanding its operations and has considered various locations in
Edison Company is a large manufacturer that specializes in LED light bulbs. Edison is interested in expanding its operations and has considered various locations in which to build a new manufacturing plant. Roseville, CA was finally selected for the new plant location because Roseville offered to donate a acre tract of land to Edison on which the new plant will be built. The land was originally purchased by the city of Roseville for $ six years ago. The land's appraised value at the time of the donation was $
For what amount should Edison record the donated land?
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