You should read FASB regulations 116 & 117, which I am  certain you can get
from your external auditing firm. Or directly from the Federal Accounting
Standards Board. The AAM may also have information regarding the IRS rulings
on non-profit institutions and the capitalization of collections as assets.



At 10:46 PM 2/6/96 -0900, you wrote:
>     We seem to suddenly be faced with Internal Audit deciding that our
>collecions ought to be listed on the books as assets.  Seems to me I've
>seen articles about this interesting bookkeeping wrinkle, but wonder if
>someone can give me a handy citation?
>     Diane Brenner,   Anchorage Museum
>
>

Paul H. Pincus
Blibao Project Associate
Solomon R. Guggenheim Museum
1071 Fifth Avenue
New York, NY 10128-0173

(212) 423-3549

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