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The following information pertains to questions
The following are selected transactions for HELP-ON-US,an NFPO for 2014.
On January 1,the organization purchased fixed assets at a cost of $10,000.The assets were estimated to have a useful life of 5 years with no residual value.Straight-line amortization is used.
-Assuming that the assets were purchased from a restricted fund contribution in the amount of $11,000,prepare the required journal entries for 2014,indicating the fund or funds to be used.


Definitions:

Taste Cells

Specialized sensory cells located in the taste buds on the tongue, responsible for detecting different tastes such as sweetness, saltiness, sourness, bitterness, and umami.

High-Amplitude Sound

Sounds that have a large maximum pressure variation in the sound wave, leading to a loud perception.

High-Frequency Sounds

Sounds that have a frequency at the upper end of the human hearing range, typically from 2,000 to 20,000 Hz.

Cochlea

A spiral-shaped, fluid-filled structure in the inner ear that plays a key role in the sense of hearing by converting sound waves into nerve signals.

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