Lakeview school district, a governmental entity, received 10 computers from computer hut, a local computer firm. the computers were a donation to the district by computer hut. the cost to computer hut for each computer is $2,500. the retail value of each computer is $3,000. assuming that the district maintains its books and records in a manner that facilitates the preparation of the fund financial statements, what is the appropriate entry in the general fund to record this donation?

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Anise

13 June, 19:29

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Reece Pierce · Answer 1

2,500 + (3,000-2,500) / 2=2,750

2,750*10=27,500

The appropriate sum to record is $27,500