Question: According to ASC 9 5 8 , not - for - profit entities should recognize depreciation / amortization: on all long - lived tangible assets.

According to ASC 958, not-for-profit entities should recognize depreciation/amortization:
on all long-lived tangible assets.
on all long-lived intangible assets.
Multiple Choice
I only
II only
Both I and II
Neither I nor II

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