Donated capital assets are valued by the recipient government at: a. fair market value at the date
Question:
Donated capital assets are valued by the recipient government at:
a. fair market value at the date of donation.
b. the original cost of the donated asset per the donor's records.
c. the net book value of the asset at the date of donation.
d. the assessed valuation at the date of donation.
e. the value of any tax deduction to be claimed by the donor.
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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