A Not-For-Profit Organization Is Not Required to Capitalize and Amortize

question 31

Multiple Choice

A not-for-profit organization is not required to capitalize and amortize its capital assets if the organization ________.

• A)has assets that total less than $500,000
• B)has a two-year average annual gross consolidated revenues of less than $500,000
• C)has an annual change to net assets of less than $500,000
• D)has less than 10 full-time employees

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Definitions:

ApoE Gene

A gene associated with cholesterol transport that can affect the risk of developing Alzheimer's disease and other conditions.

Alleles

Different versions of the same gene, situated at the same place on a chromosome, contributing to genetic diversity in organisms.

Alzheimer's Disease

A progressive neurodegenerative disorder characterized by cognitive decline, memory loss, and changes in behavior.

Acetylcholine

A neurotransmitter involved in many functions including muscle movement, heart rate, memory, and the sleep-wake cycle.