To Elect Not to Capitalize Works of Art and Similar

To elect not to capitalize works of art and similar assets, a government must see that the assets meet all of the following criteria EXCEPT

A) The assets must be held for public exhibition, education, or research in furtherance of public service, rather than for financial gain.
B) The assets must be protected, kept unencumbered, cared for, and preserved.
C) The assets must be subject to an organizational policy that requires the proceeds from sales of the collection items be used to improve infrastructure.
D) The assets must be subject to an organizational policy that requires the proceeds from sales of the collection items be used to acquire other items for the collection.