Question: b. A municipality was granted certain land for use as a playground. The property's estimated acquisition value was $400,000 at the time of the grant.

b. A municipality was granted certain land for use as a playground. The property's estimated acquisition value was $400,000 at the time of the grant. Subsequently, all land in the neighborhood rose in value by 30%. Should the increase be reflected in the GCA accounts? Why or why not?

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