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In order to introduce Yellow corporation to build a new manufacturing facility in Knoxville, Tennessee, the city donates land ( fair market value of $400,000
In order to introduce Yellow corporation to build a new manufacturing facility in Knoxville, Tennessee, the city donates land ( fair market value of $400,000 ) and cash of $100,000to the corporation. several months after the donation , Yellow Corporation spends $450,000 ( which includes the $100,000 received from knoxville) on the construction of a new plant located on the donated land.
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