In a not-for-profit organization, donated capital assets are recorded at what value?

Question

Quizplus · Accepted Answer

Donated capital assets in a not-for-profit organization should be recorded at fair market value. This is because fair market value represents the most accurate estimate of the value of the asset at the time of donation, which is important for financial reporting purposes. The other options (estimated net realizable value, the donor's net book value, and replacement or reproduction cost) may not accurately reflect the true value of the asset.

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