Depreciation expense is reported in the statement of activities prepared by nongovernmental,not-for-profit organizations.

Name: Depreciation expense is reported in the statement of activities prepared by nongovernmental,not-for-profit organizations.
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Question

Quizplus · Accepted Answer

Depreciation expense is reported in the statement of activities and allocated among the program services and supporting services expense categories to which it applies, rather than reported as a separate item on its own line.

Depreciation Expense Is Reported in the Statement of Activities Prepared