On October 1, 2020, the voluntary Action Agency (which has December 31 fiscal year-end) received a cash contribution of $450,000 restricted to the purchase of buses to be used in transporting senior citizens as part of the organization's "Active Seniors Program," On January 2, 2021, buses were purchased with the $450,000 cash. The buses are expected to be used for five years and have no salvage value at the end of that time. December 31, 2021. for receipt of cash, the purchase of buses and one year's depreciation.