A local museum just received a donation of two Picasso's from a local collector. The museum intends on showing and never selling these paintings. Assume that the museum has properly reported the receipt, what must they next do? (ignore FASB 116 - we are GASB) a collectibles b. would not put the receipt of a collectible on the books so no adjustment needed c. expenditure (since not selling) d. loan from patron e, capital asset and take depreciation Clear my choice