Donated Fixed Assets

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One aspect of capital fixed assets is donated fixed assets. This method of asset acquisition will not result in the generation of a system generated capital fixed asset. GAAP requires donated assets to be capitalized at their ‘fair market value’ at the time of donation. Because this method of asset acquisition is usually outside the accounting system, the SAO Accounting Division is utilizing this survey to determine whether there are any donated, but not capitalized, assets for the State of Wyoming as of June 30. Donated assets also include those assets purchased, whose purchase price is considered to be ‘a bargain basement’ purchase price and not representative of the assets fair market value.

This information is due back to the State Auditor’s Office no later than June 15.

We appreciate your assistance with this matter and understand that donations may occur after the deadline of June 15. If a donated asset is received between the deadline and June 30, please contact the SAO Accounting Division at (307) 777-2460 or saoaccounting@wyo.gov.

Donated Fixed Asset Survey

Agency Number*
Agency Contact Name*
First Last
Agency Contact Phone*
Does your Agency have any new Donated Assets to report for the current fiscal year?*
- Yes
- No
Donated Fixed Asset Information
Please complete the following information for the donated fixed assets being reported.
Type of Asset Donated (equipment, building, easement, other)*
Date of Donation (mm/dd/yyyy)*
MM slash DD slash YYYY
Basis used to determine Fair Market Value (appraisal, purchase price of similar equipment, tax forms for easement, etc)*
Fair Market Value of Donated Asset*
Has the Donated Asset been capitalized in WOLFS as of June 15 at its Fair Market Value?*
- Yes
- No
Do you have another donated fixed asset to report?*
- Yes
- No
Donated Fixed Asset Information
Please complete the following information for the donated fixed assets being reported.
Type of Asset Donated (equipment, building, easement, other)*
Date of Donation (mm/dd/yyyy)*
MM slash DD slash YYYY
Basis used to determine Fair Market Value (appraisal, purchase price of similar equipment, tax forms for easement, etc)*
Fair Market Value of Donated Asset*
Has the Donated Asset been capitalized in WOLFS as of June 15 at its Fair Market Value?*
- Yes
- No
If your agency has any additional Donated Assets to report, please submit this survey and complete additional surveys as needed.

Donated Fixed Assets

Donated Fixed Asset Survey

Donated Fixed Asset Information

Donated Fixed Asset Information

If your agency has any additional Donated Assets to report, please submit this survey and complete additional surveys as needed.