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The city received donation of land that is to be used by Parks and Recreation to develop a public park. At the time of the
The city received donation of land that is to be used by Parks and Recreation to develop a public park. At the time of the donation, the land had an acquisition value of $5,200,000 and was recorded on the donor's books at a historical cost of $4,500,000. Make all necessary entries in the appropriate government fund general journal and government wide governmental activities general journal.
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