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Make journal entries for the building donation

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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.

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Problem1 : Make journal entries for 2020 for the building donation in the spaces

Reference no: EM132867195

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Make journal entries for the building donation : Make journal entries for 2020 for the building donation in the spaces. Wildlife Sanctuary (WS) is a not-for-profit organization. It uses the deferral method
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