Museum and other inexhaustible collections may or may not be capitalized and recorded in the accounts of a private college.

Name: Museum and other inexhaustible collections may or may not be capitalized and recorded in the accounts of a private college.
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Question

Quizplus · Accepted Answer

Whether or not a museum or collection is capitalized and recorded in the accounts of a private college depends on the accounting policies and practices of the college. It is possible for a college to choose not to capitalize and record such assets.

Museum and Other Inexhaustible Collections May or May Not Be