In the statement of activities of a not-for-profit, depreciation expense should a. be included as an element of expense. b. be included as an element of other changes in fund balances. c. be included as an element of support. d. not be included.
In the statement of activities of a not-for-profit, depreciation expense should a. be included as an element of expense. b. be included as an element of other changes in fund balances. c. be included as an element of support. d. not be included.
Chapter6: Business Expenses
Section: Chapter Questions
Problem 1DQ
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In the statement of activities of a not-for-profit,
a. be included as an element of expense.
b. be included as an element of other changes in fund balances.
c. be included as an element of support.
d. not be included.
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