Question

Which type of account would you assign a gift of $1.5 million dollars with restriction indicating that only the future income generated from this balance can be used by the government?

Answer 1

nonexpendable type of account would you assign a gift of $1.5 million dollars with restriction indicating that only the future income generated from this balance can be used by the government

An expendable trust is a trust that can expend both capital and income resources for authorized purposes. A non-expendable trust is a trust that stipulates that profits can be expended rather than capital.

Consumables that wear out during use. For example ammunition, paint, fuel, cleaning and preserving materials, bandages, medicines, medical supplies, etc., or anything that loses its identity. B. Spare parts, etc. Also called consumables.

Non-Exportable Assets – Generally, the unit purchase price for assets that retain their original identity while in use is $1,000 or more. and a life expectancy of over two years. (e.g. furniture, pool table, TV)

Learn more about nonexpendable here

https://brainly.in/question/7641000

#SPJ4