Nations operational rateofexchange inordertoarriveatthenetexpendable income. Differences between thevaluation oft!:ecurrencies whenentered intothe accounts andwhenactualtransactions aremadeareaccounted forasgainsorlosses onexchange transactions. 9.Purchases andotherexpenses incurred bytheGreeting CardOperation are recorded inUnitedStatesdollars attheUnitedNations exchange rateineffectat thetimeofeachtransaction. Expenditures arecharged totheyearofincurrence ratherthanabsorbed intheyeartowhichtheybelong. 10.Capital assets (machinery andeauipment) atacostof$100,000 ormoreare capitalized anddepreciated overtheirestimated usefulperiod,rather thancharged toexpense accounts.8.Greeting CardOperation grossproceeds arerecoro~d inUnitedStatesdollars attheUnitedNations exchange ratesineffectattheendofthecampaign forsales reported bynational committees andothersalesoutlets. (Actual cashcollection isrecorded inUnitedStatesdollars attheUnitedNations rateineffectatthe timeremittances arereceived, usually attheendofAugust.)
**Analysis**
The text appears to be discussing the financial operations and accounting practices of the Greeting CardOperation, a likely subsidiary or department within a larger organization. The language used is formal and technical, suggesting a focus on financial reporting and management. The text mentions exchange rates, transactions, and accounting practices, which are typical of international trade and financial transactions. The context seems to be related to a specific organization or entity, rather than a broader topic like economic development or humanitarian aid.

**Category**
International trade