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Basic Question 8 of 19
Accumulated depreciation is the result of ______.
B. capitalizing an asset
C. writing off an asset
A. an expense being prepaid
B. capitalizing an asset
C. writing off an asset
User Contributed Comments 2
| User | Comment |
|---|---|
| Davidrh | Why is C incorrect? |
| khalifa92 | writing of an asset is decreasing the asset value because of a decrease in current replacement cost |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets
CFA® 2024 Level I Curriculum, Volume 2, Module 7.