On the statement of functional expenses prepared for a voluntary health and welfare organization,depreciation expense is allocated to:
I.expenses for program services.
II.expenses for supporting services.
A)I only
B)II only
C)Both I and II
D)Neither I nor II

Question

Quizplus · Accepted Answer

Depreciation expense is allocated to both program services and supporting services in a voluntary health and welfare organization's statement of functional expenses. This allocation reflects the use of assets in both direct program activities and activities that support these programs, such as management and fundraising.

On the Statement of Functional Expenses Prepared for a Voluntary