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Business, 29.05.2021 05:00 lex2678

A not-for-profit art museum that has elected to capitalize its art collection receives a donation of a rare piece of Native-American art. The donor paid $10,000 for the piece several years ago. Today the piece has an estimated value of $50,000. What entry should the museum make upon receipt of this donation

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A not-for-profit art museum that has elected to capitalize its art collection receives a donation of...
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