Under FAS 116, collection items need not be capitalized under certain circumstances.

Name: Under FAS 116, collection items need not be capitalized under certain circumstances.
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Under FAS 116 (now part of ASC 958), collection items do not need to be capitalized if they are protected, cared for, preserved, and subject to an organizational policy that requires the proceeds from sales of collection items to be used to acquire other items for collections.

Under FAS 116, Collection Items Need Not Be Capitalized Under