A not-for-profit organization receiving donated fixed assets may record those assets as either unrestricted or temporarily restricted.

Question

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A not-for-profit organization may choose to record donated fixed assets as either unrestricted or temporarily restricted, depending on whether any donor-imposed restrictions apply to the use of those assets. If there are no donor-imposed restrictions, the assets may be recorded as unrestricted, while if there are restrictions, the assets may be recorded as temporarily restricted until the restrictions are met.

A Not-For-Profit Organization Receiving Donated Fixed Assets May Record Those