How should you treat money donated to improve a building,
which is a permanent endowment?
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Answer / guest
Treat it as an addition (incoming resource) to permanent
endowment funds. Any interest earned on the money prior to
spending should also be included as permanent endowment.
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Answer / madhuri
Expediture incurred on building which is a permanet
endowment should be considered as a Capital expenditure and
should be addition to the asset which should be added to
the cost of the asset.
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