A nonprofit organization operates a food bank that distributes food to the community. The organization received a
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A nonprofit organization operates a food bank that distributes food to the community. The organization received a donation of 2,000 bags of rice from a local company. The cost of the rice was $20,000. The food bank distributed 1,500 bags of rice to the community in the first month. The remaining bags of rice were stored in the warehouse. The organization estimated that the remaining bags of rice will last for the next 6 months. What is the value of the rice that was distributed in the first month, and what is the monthly depreciation expense of the remaining bags of rice in the warehouse?
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date: