CFA Practice Question

There are 195 practice questions for this study session.

CFA Practice Question

The floor in the kitchen has a slight slope. The cost to fix it is estimated to be $20,000 and the value a level floor will add to the $350,000 home is projected to be $10,000. This is an example of what type(s) of depreciation:

A. incurable depreciation.
B. functional obsolescence.
C. Curable depreciation.
Correct Answer: A

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