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General Capital Assets. Make all necessary entries

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Question;General Capital Assets. Make all necessary entries in the appropriate governmental fund general journal and the government-wide governmental activities general journal for each of the following transactions entered into by the City of Fordache.1.The city received a donation of land that is to be used by Parks and Recreation for a park. At the time of the donation, the land had a fair value of $5,200,000 and was recorded on the donor?s books at a historical cost of $4,500,000

 

Paper#39807 | Written in 18-Jul-2015

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