微信扫一扫
实时资讯全掌握
| Fred Bosin donated a building to Palma City in year 1. Bosin’s original cost of the property was $100,000. Accumulated depreciation at the date of the gift amounted to $60,000. Fair market value at the date of the gift was $300,000. In the government-wide statements, at what amount should Palma report this donated fixed asset? A. $300,000 B. $ 40,000 C. $0 D. $100,000 |