Which is the proper value to be assigned to certain donated assets? {This is a question for which answers cannot be found in either EASE pronouncements or the text]. research is necessary. A city's road maintenance department received "donations" of two type of assets: 1. From the county in which the city is located it received earthmoving equipment. The equipment had cost the county $300,000 when it was acquired ve years eadier. Accounted for in a county proprietary fund. its book value, net of accumulated depreciation at the time of donation. was $500,000. Its fair market value was $530,000. 2. From the city's own utility fund {a proprietary fund} it received motor vehicles that had cost the city $400,000 when acquired three years earlier. At the time of transfer, the vehicles were recorded on the utility's hoolcs at $130,000. net of accumulated depreciation. Their fair market value was #225,000. Write a 1000 word, APA you answer style paper where the following: 1. At what value should the city record in its govemmentwide nancial statements for: [lithe earth-moving equipment, and {2} the motor vehicles? 2. Briey justify your response. commenting on any apparent inconsistencies in the values assigned to each of the two types of assets. 3. Comment on the signicance of the resultant book values for decisions or assessments to he made by statement users