Which of the Following Is NOT Among the Choices Available

question 26

Multiple Choice

Which of the following is NOT among the choices available to a not-for-profit organization with two-year average annual revenues of less than $500,000?

• A) Capitalize and amortize capital assets.
• B) Capitalize and not amortize capital assets.
• C) Expense capital assets when acquired.
• D) Make no entries when capital assets are acquired.

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