In a not-for-profit organization, donated capital assets are recorded at fair market value.

Name: In a not-for-profit organization, donated capital assets are recorded at fair market value.
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Quizplus · Accepted Answer

Donated capital assets in a not-for-profit organization are recorded at fair market value as required by generally accepted accounting principles (GAAP). This is because donated assets are considered contributions and should be recognized at their fair value at the time of the contribution.

In a Not-For-Profit Organization, Donated Capital Assets Are Recorded at Fair