Non-Profit
In-Kind Donation — Vehicle
Recording a car donated by a supporter for program use.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Vehicles (Fixed Asset) | Asset (+) | 8,000.00 | - |
| In-Kind Contribution Revenue | Revenue (+) | - | 8,000.00 |
💡 Accountant's Note
A donated vehicle is recorded at its fair market value on the donation date. The asset is then depreciated over its useful life just like a purchased vehicle.
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