Question: The Helping Hand NFP is a not for profit organization that has
The Helping Hand NFP is a not-for-profit organization that has equipment with a book value of $1.1 million but a fair value of $1.4 million. Fancy Fingers is a not-for-profit organization that has equipment with a book value of $1 million and a fair value of $1.2 million. If these two organizations combine, what are the possible amounts that they can report for their equipment?
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