On January 1,2020 , a rich citizen of the Town of Ristoni donates a painting valued at $410,000 to be displayed to the public in a government building. Although this painting meets the three criterla to qualify as an artwork, town officlals choose to record it as an asset. The gift has no eligibility requirements. These officlals judge the painting to be inexhaustible so that depreciation will not be reported. a. For the year ended December 31, 2020, what does the town report on its government-wide financial statements in connection with this gift? b. How does the answer to requirement (a) change if the government decides to depreciate this asset over a 10-year period using straight-line depreclation? c. How does the answer to requirement (a) change if the government decides not to capitalize the asset? Complete this question by entering your answers in the tabs below. For the year ended December 31, 2020, what does the town report on its government-wide financial statements in connection with this gift? How does the answer to requirement (a) change if the government decides to depreciate this asset over a 10 -year period using straight-line depreciation? How does the answer to requirement (a) change if the government decides not to capitalize the asset