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Business, 22.12.2021 14:00 BreBreDoeCCx

EXTRA CREDIT: A not-for-profit Art Museum that has elected not to capitalized its art collection receives a donation of a rare piece of Tlinket Indian art. The donor paid $8,000 for the piece several years ago. Today the piece has an estimated fair value of $50,000. What entry should the Art Museum make upon receipt of this donation

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EXTRA CREDIT: A not-for-profit Art Museum that has elected not to capitalized its art collection rec...
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