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The FASB States That Depreciation Expense in a Not-For-Profit Organization

Question 41

Multiple Choice
The FASB states that depreciation expense in a not-for-profit organization should be:

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.

Correct Answer:

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