The City of Maine Creek Acquired a Used Front-End Loader

The city of Maine Creek acquired a used front-end loader from a road contractor for use at the city landfill (which is accounted for in an enterprise fund) . The loader had a fair value of $54,000 and a historical cost of $90,000. The city paid the contractor $50,000 for the loader. At what amount should be front-end loader be reported in the government-wide financial statements?

A) $50,000.
B) $54,000.
C) $90,000.
D) It should not be reported in the government-wide financial statements.