Savings Mart is a national retail chain. To entice the company to open a mega store in its jurisdiction, the city of Populationville donated a 20- acre tract of land to be used for construction. The land was originally purchased by the city for $268,000 three years ago. The appraisal value at the time of the donation was $318,000. For what amount should Savings Mart record the donated land? Multiple Choice $268,000 $293,000. $318,000. $0; Donated assets are not recorded