To Elect Not to Capitalize Works of Art and Similar

question 33

Multiple Choice

To elect not to capitalize works of art and similar assets, a government must see that the assets meet all of the following criteria EXCEPT

• A)The assets must be held for public exhibition, education, or research in furtherance of public service, rather than for financial gain.
• B)The assets must be protected, kept unencumbered, cared for and preserved.
• C)The assets must be subject to an organizational policy that requires the proceeds form sales of the collection items be used to acquire very similar items for the collection.
• D)The assets must be subject to an organizational policy that requires the proceeds from sales of the collection items be used to acquire other items for the collection.

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Definitions:

Graphically

Representing data or information using visual elements such as charts, graphs, or diagrams.

Set of Equations

A collection of mathematical equations that are related by one or more variables, often used to solve multi-variable problems.

Pair of Equations

Two equations that are considered together, often used to find the solution to a set of variables in math.

Three Figure Accuracy

Refers to rounding calculations to three significant digits.