Multiple Choice
A not-for-profit organization was the recipient of a significant fixed asset donation. The assets, a building valued at $82,000, and one acre of land, valued at $210,000, are going to be used by the organization for office space and parking. The donor's net book value of the building was $22,000, and of the land, $65,000. The not-for-profit organization should record the assets at a total value of
A) $87,000.
B) $104,000.
C) $147,000.
D) $292,000.
Correct Answer:
Verified
Correct Answer:
Verified
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