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At the beginning of FY 2020, a not-for-profit homeless shelter receives a donated van worth $30,000. The van has a salvage value of $1,000 and
At the beginning of FY 2020, a not-for-profit homeless shelter receives a donated van worth $30,000. The van has a salvage value of $1,000 and an estimated useful lifetime of 6 more years. What net effect would the above transactions have on the change in net assets shown on the organization's activity statement at the end of FY 2020, all else equal? Question 14 options: It would increase the change in net assets It would have no effect on the change in net assets It would decrease the change in net assets
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