Reply To: Fixed Asset Question

  • j.pettaway@stonemountainpark.org

    Member
    March 8, 2023 at 9:25 am
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    I think I would need to treat the asset like a donated item. Debit the Fixed Asset & Credit a Revenue account (i.e. bond revenue) for the total value of the asset. We don’t have the expenses recorded because we did not spend or receive the actual funds.

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