Solution-Prepare all required journal entries being certain

Prepare all required journal entries being certain indicate

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Reference no: EM131011632

Contributions of long-lived assets may affect more than one type of fund.

Discovery Barn, a not for profit science center for children, received a contribution of $30,000 explicitly designated for the acquisition of computers. During the year it acquired $21,000 of computers, which it estimated to have a useful life of three years. It is the policy of the organization to charge an entire year's depreciation in the year of acquisition.

Prepare all required journal entries, being certain to indicate the type of fund in which each entry would be made.

Reference no: EM131011632

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Prepare all required journal entries being certain indicate : Discovery Barn, a not for profit science center for children, received a contribution of $30,000 explicitly designated for the acquisition of computers. During the year it acquired $21,000 of computers, which it estimated to have a useful life of thr..

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Prepare all required journal entries being certain indicate

Reference no: EM131011632

Reference no: EM131011632

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