City of Richmond owns a tract of land that was donated 5 years ago. The...
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City of Richmond owns a tract of land that was donated years ago. The land had an acquisition value of $ when it was received, however, the current market value of the land is $ In addition, the city recently purchased new police cars at a combined cost of $ estimated useful life of years. City also constructed a warehouse at a cost of $ estimated useful life of years. All of the assets are for General Fund Departments. At what value should the land be capitalized in the GF 
City of Richmond owns a tract of land that was donated years ago. The land had an acquisition value of $ when it was received, however, the current market value of the
land is $ In addition, the city recently purchased new police cars at a combined cost of $ estimated useful life of years. City also constructed a warehouse at a
cost of $ estimated useful life of years. All of the assets are for General Fund Departments.
At what value should the land be capitalized in the GF
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