I'm a volunteer for a local nonprofit, in charge of our QuickBooks Desktop for nonprofits 2019. We are adding on to one of the buildings on our site. Since the cost is $40k, I assume it should be added as a fixed asset. Do I create a new item in the fixed asset list and tie that to the bill we received from the construction company? Do I need to worry about depreciation even though we are a nonprofit? Any help is appreciated!