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On December 3 1 , year 2 X 1 0 , a not - for - profit organization receives from a donor land contribution with

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On December 31, year 2X10, a not-for-profit organization receives from a donor land contribution with a fair value of $126863 and a building with fair value of $290256. Both land and building were originally purchased by donor in year 1 for $79362. As of December 31, year 210 the building had a remaining life of 20 years. Starting January1, year 211 the organization used the building for after-school activities for children. What should be the total balance in the deferred contribution accounts at the end of year 220, if the organization uses the deferred contribution method of reporting?
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