In 2021, Waverly Corp. set up a new manufacturing facility in Nova Scotia. To encourage Waverly to set up its factory, the province provided equipment with a fair value of $250,000 and an estimated useful life of 15 years using straight-line depreciation. What journal entry would be required to record the equipment contribution in fiscal 2021, using the gross method? A. A credit to deferred income of $250,000. B. A credit to donation revenue of $250,000. C. A credit to property, plant and equipment for $250,000. D. A credit to other comprehensive income-donated assets of $250,000