A not-for-profit organization is required to record the donation of capital assets at:

Question

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A not-for-profit organization is required to record the donation of capital assets at fair value as per the Generally Accepted Accounting Principles (GAAP). Fair value is the amount that a willing buyer would pay to a willing seller in an arm's length transaction. It reflects the current market value of the asset and provides the most accurate representation of the value of the asset at the time of donation. Therefore, fair value is the best choice for recording the donation of capital assets.

A Not-For-Profit Organization Is Required to Record the Donation of Capital