The FASB States That Depreciation Expense in a Not-For-Profit Organization

question 3

Multiple Choice

The FASB states that depreciation expense in a not-for-profit organization should be:

• A) Assigned to or allocated to the functions to which it relates.
• B) Reported under the management and general function.
• C) Disclosed in the notes to the financial statements.
• D) Allocated to program but not support functions.

---

Definitions:

Condition-Controlled

A loop that executes as long as a specific condition remains true.

Sentinel-controlled

Describes a loop or sequence that continues execution until a sentinel value is encountered.

Condition-controlled Loop

A loop that continues execution as long as a specified condition remains true.

Terminate the Loop

Refers to ending the execution of a loop before its natural conclusion, often through a break statement.