Shorecrest Company recently accepted a donation of land with a fair value of $250,000 from the city of Sutton in return for a promise to build a plant in Sutton.
The entry that Shorecrest should use to record this land is:

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The Answer of Shorecrest Company recently accepted a donation of land with a fair value of $250,000 from the city of Sutton in return for a promise to build a plant in Sutton.
The entry that Shorecrest should use to record this land is:

Shorecrest Company Recently Accepted a Donation of Land with a Fair