Question
Wildlife Sanctuary (WS) is a not-for-profit organization. It uses the deferral method of accounting for contributions. In 2020, WS received a donation of a building
Wildlife Sanctuary (WS) is a not-for-profit organization. It uses the deferral method of accounting for contributions. In 2020, WS received a donation of a building on April 1, 2020 from a donor. The appraisal at the time of the donation was $640,000 and the estimated useful life of the building was determined to be 16 years.
Prepare the journal entries for 2020 for the building donation.
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How To Audit Document Control System Based On ISO 9001 2015
Authors: Folarin Omojoye
1st Edition
B09892NF88, 979-8525615175
