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.