Question: purchased by the city for ( $ 2 5 0 , 0 0 0 ) three years ago. The appraisal value at

purchased by the city for \(\$ 250,000\) three years ago. The appraisal value at the time of the donation was \(\$ 300,000\). For what amount should Savings Mart record the donated land?
Multiple Choice
\$275,000
\$300,000
\$250,000
\$0; Donated assets are not recorded.
purchased by the city for \ ( \ $ 2 5 0 , 0 0 0 \

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