Summary of Statement No. 99

Deferral of the Effective Date of Recognition of Depreciation by Not-for-Profit Organizations—an amendment of FASB Statement No. 93 (Issued 9/88)

Summary

This Statement amends FASB Statement No. 93, Recognition of Depreciation by Not-for-Profit Organizations. It defers the effective date of Statement 93 to fiscal years beginning on or after January 1, 1990.