Which of the Following Is Not a Required Disclosure About

question 79

Multiple Choice

Which of the following is not a required disclosure about each major class of capital assets?

• A) Beginning-of-year and end-of-year balances showing accumulated depreciation separate from historical cost.
• B) Capital acquisitions and sales or other dispositions during the year showing the date and method of acquisition or disposition.
• C) Depreciation expense for the current period with disclosure of the amounts charged to each function in the statement of activities.
• D) Disclosures describing works of art or historical treasures that are not capitalized and explaining why they are not capitalized.

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