A Donor Gave Equipment Valued at $60,000 at the Beginning

Multiple Choice

A donor gave equipment valued at $60,000 at the beginning of 2017 to a private not-for-profit organization. The equipment had a 10-year life and depreciation of $6,000 was charged during 2017. At the end of the year, the net assets to be reported in unrestricted net assets related to this equipment would be:

A) $60,000.
B) $54,000.
C) $ 0.
D) Either $54,000 or $0, depending upon the policy of the organization