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ROOM FOl DEBATE . Debate 9-2 Donated Assets Under current U.S. GAAP, assets that have been donated to a company are recorded
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Under currency GAAP i.e. Generally Accepted Accounting Principles assets that have been donated to a company shall be recorded art fair market value as the even though the assets is received by way of donation but the company will make full use of in its business , so it should be recorded.

Not only that even the IAS i.e. International Accounting Standard also says that a asset that have been donated to the company shall record such assets at fair market value.

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