A Not-For-Profit Organization Is NOT Required to Capitalize and Amortize

Multiple Choice

A not-for-profit organization is NOT required to capitalize and amortize its capital assets if the organization ________.

A) has assets that total less than $500,000.
B) has an annual change to net assets of less than $500,000.
C) has less than 50 full-time employees.
D) has a two-year average annual revenues of less than $500,000.