The president of Christmas Corporation donated a building to Tuesday Corporation. The building had an original cost of $675,000, a book value of $255,000, and a fair market value of $475,000. To record this donation, Tuesday will

a. debit Building for $255,000 and credit Gain for $255,000

b. make a memorandum entry

c. debit Building for $475,000 and credit Gain for $475,000

d. debit Building for $675,000 and credit Gain for $675,000

2. The Jacob Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $500,000. At the time of acquisition, Jacob paid $20,000 to have the assets appraised. The appraisal disclosed the following values:

Land	$100,000
Buildings	200,000
Equipment	300,000

What costs should be assigned to the buildings?