How is a donated asset accounted by a non-profit organization based on its fair market value?

financial  Analysis 

If the receiver did not incur any costs in acquiring such an item, then the cost of the asset in their possession would be zero according to widely accepted accounting rules.  geometry dash

As per the generally accepted accounting principles the cost of such asset in the hands of receiver would be nil because the receiver did not incurred any cost,if any expense incurred such expense should be added to the cost of  asset