Please explain in detail..(the mathematical amount)

103. A govermment is the recipient of a bequest of a multi-story office building that the government intends to use as a new city hall. The building has a historical cost of $850,000; a book value in the hands of the benefactor of $700,000; and a fair value of S1,050,000. The city should recognize on its governmental fund financial statements donations revenue of a) S-0- b) $700,000. c) $850,000 d) $1,050,000 t is the recipient of a bequest of a multi-story office building that the government as a historical cost of $850,000, a book 104. A govermmen intends to sell to support program activities. The building h value in the hands of the benefactor of $700,000, and a fair value of $1,050,000. The city had not yet begun to try to sell the building when its annual financial statements were issued. The city should recognize on its governmental fund financial statements, donations revenue of a) $-0- b) $700,000. c) $850,000. d) $1,050,000. Page 19 of 29 1f 10 physically 99. A city receives notice of a S150,000 grant from the state to purchase vans to transport challenged individuals. Although the city did not receive any of the grant funds during the current year, the city purchased a bus for $65,000 and issued a purchase order for a van for $60,000. The grant revenue that t current year is he city should recognize in the government-wide financial statements in the ) $-0- b) $ 65,000. c) $125,000. d) $150,000. 100. At the beginning of its fiscal year, a local government owned an investment with a historical cost of $85 and a fair value of $95. During the year, dividends of $2 were received. At the end of the year the investment had a fair value of $100. The amount that should be recognized on the governmental fund financial statements for the year as investment income is a) S-0- b) $7. c) $15 d) $17. 101. A local l government began the year with a portfolio of securities with an historical cost of $1,200 and a fair value of $1,240. During the year the government acquired an additional security at a cost of $260 and sold for $200 a security that had an historical cost of $172 and a fair value at the beginning of the year of $190. At the end of the year, the securities portfolio had a fair value of $1,330. The amount that should be recognized on the financial statements for the year as investment income is a) $10 b) $20. c) $28 d) $30