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How do you prepare a general fund entry for this transaction: The city received a donation of land that is to be used by Parks
How do you prepare a general fund entry for this transaction: The city received a donation of land that is to be used by Parks and Recreation to develop a public park. At the time of the donation, the land had an acquisition value of $4,600,000 and was recorded on the donor's books at a historical cost of $3,800,000.
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