21 Depreciation expense is reported in the statement of activities prepared by nongovernmental NPOS. True False QUESTION 22 An NPO incurred $10,000 in management and general expenses in the current fiscal year. In the organization's statement of activities prepared in conformity with FASB standards, the $10,000 would be reported as: OA OB. Supporting services expense. A deduction from program revenue. A reduction of permanently restricted assets. D. Program service expenses