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A Donor Gave Equipment Valued at $50,000 at the Beginning

Question 120

Multiple Choice

A donor gave equipment valued at $50,000 at the beginning of 2014 to a private not-for-profit organization.The equipment had a 10-year life and depreciation of $5,000 was charged during 2014.At the end of the year,the net assets to be reported in unrestricted net assets related to this equipment would be:


A) $50,000.
B) $45,000.
C) $ 0.
D) Either $45,000 or $0, depending upon the policy of the organization

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