The company can record the donated asset by: Debiting a fixed asset account (at fair market value), and. Crediting contribution revenue.
Donate real estate in CA in just a few steps Submit the online form with some basic info about your real estate. We'll review the property to determine if our charity can accept it. We'll take care of the paperwork & mail closing documents over for you to sign.
Donated Assets—Land, buildings, equipment and library holdings received as a gift will be capitalized at the fair market or appraised value at the time of the gift.