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How should the museum account for this gift

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Reference no: EM133037482

Question - A donor gives the Museum, a non-profit organization, a diary written by an important U.S. leader. The donor has the condition that the diary be used as the Museum's exhibition and that it never be sold. The diary was bought by the donor a few weeks ago at $250,000. How should the museum account for this gift? What are the options and why?

Reference no: EM133037482

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