Author Question: The time an asset is expected to last is called its a. depreciation. b. fiscal period. c. net ... (Read 74 times)

Coya19@aol.com · **on:** Jul 5, 2018

The time an asset is expected to last is called its
a. depreciation.
b. fiscal period.
c. net loss value.
d. useful life.

Question 2

A not-for-profit organization receives a pledge from a donor in fiscal 2013 . The terms of the pledge are such that the organization will receive a large contribution in fiscal 2015 .

At what value should the pledge be reported in the organization's 2013 statement of financial position?
a. face or nominal value
b. compound value
c. marginal value
d. present value