Cost of the asset$100,000
Life of the asset 5 years
Depreciation rate20%
Capital cost allowance rate 50%
Residual value of the asset nil
Income tax rate 50%
-Which of the following is shown on an NFP organization's statement of operations?
A) revenues
B) assets
C) capital assets (net)
D) grants receivable

Question

Cost of the asset$100,000 
Life of the asset 5 years 
Depreciation rate20% 
Capital cost allowance rate 50% 
Residual value of the asset nil 
Income tax rate 50%
-Which of the following is shown on an NFP organization's statement of operations?
A) revenues
B) assets
C) capital assets (net)
D) grants receivable

Quizplus · Accepted Answer

Revenues are typically shown on an NFP organization's statement of operations, reflecting the income generated during a period.

Cost of the Asset$100,000