Which of the Following Is Not a Condition That Would

Which of the following is not a condition that would permit a public college or private college or university to avoid accounting recognition of the value of its collections of art,historical treasures,and similar assets?

A) Public colleges and universities are required by GASB standards to capitalize and report all collections.
B) The assets are held for public exhibition,education,or research in furtherance of public service rather than financial gain.
C) The assets are protected,kept unencumbered,cared for,and preserved.
D) The assets are subject to an organizational policy that ensures the proceeds of sales of collectible assets are used to acquire other items for collections.