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    RwChurch's Avatar
    RwChurch Posts: 1, Reputation: 1
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    #1

    Jun 24, 2012, 05:06 AM
    Non-profit organization
    Is it necessary/beneficial for non-profit organizations to depreciate equipment purchases.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jun 24, 2012, 06:44 AM
    A non profit as any other group has to do proper accounting, keep the money separate from profit and/or non profit money and do all methods of proper accounting.

    You would be doing a injustice and improper book keeping not to follow all proper accounting methods
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