On $1$st July $2023$ and organisaltion AB received Generator $250$KV as a gift from a local private donor in total amount of NOK $120\mathrm{.}000$ with the understanding that generator would be use for a WASH Programme in returnee areas for the constructed water reservoir.

Recuirements : Please drfat bookings concering above transaction and please explain how organisation should present this transactions on its $31$st December Finnacial Statement.

Plese note that in organisational policy is stated : Fixed assets are fully expensed in the accounts at the time of purchase.