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</o:shapelayout></xml><![endif]--></head><body lang=EN-CA link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Hi friends … <br><br>I am wondering if anyone else has been told by their accounting firms that as of 2019 Museums and Galleries now have to account for the value of their permanent collections when doing their yearend? <br><br>We were told we have three options:<br><br>1) get the whole collection appraised <br>2) include the value of all the tax receipts given and purchases made <br>3) provide a nominal value per item and multiply the entire value by the number of items in the collection. <br><br>I am wondering if anyone else has heard of this change and if so what are the thoughts of the community as we have never accounted for the value of our permanent collection on our books previously.<br><br>Thank you for your time and input.<br><br>I look forward to your reply.<br><br><o:p></o:p></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>Paul F. Crawford<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>Director/Curator<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>Penticton Art Gallery<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>199 Marina Way<o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>Penticton, B.C. <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-language:EN-CA'>V2A 1H5 Canada <o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>Phone: <a href="tel:%28250%29%20493-2928" target="_blank"><span style='color:windowtext'>(250) 493-2928</span></a><br>Email: <a href="mailto:curator@pentictonartgallery.com">curator@pentictonartgallery.com</a> <o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-CA'>Web: <a href="http://www.pentictonartgallery.com/" target="_blank"><span style='color:windowtext'>www.pentictonartgallery.com</span></a> <br><br></span><span style='mso-fareast-language:EN-CA'>On the </span><span style='mso-fareast-language:EN-CA'>unceded territory of the Syilx (Okanagan) Peoples.</span><span style='mso-fareast-language:EN-CA'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>