Question: MC Qu . 5 - 3 8 During the year, a local... During the year, a local merchant donated a building to the city of

MC Qu.5-38 During the year, a local...
During the year, a local merchant donated a building to the city of Stage Coach. The original cost of the building was $300,000. Accumulated depreciation at the date of the gift amounted to $250,000. The acquisition value of the donation at the date of the gift was $600,000. At what amount should Stage Coach record this donated property in the General Fund?

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