Which of the following entities should recognize depreciation expense on its operating statement?

Question

Quizplus · Accepted Answer

All of the above entities, being not-for-profit organizations, should recognize depreciation expense on their operating statements. This is because they use long-term assets in their operations, and accounting principles require that the cost of these assets be allocated over their useful lives as depreciation expense.

Which of the Following Entities Should Recognize Depreciation Expense on Its