- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 7. Analysis of Long-Term Assets
- Subject 3. Derecognition of Assets
CFA Practice Question
If a long-lived asset is to be exchanged for another asset but the exchange has not happened yet, it should be classified as an asset ______.
B. held for use until disposal
C. held to be exchanged
A. held for use
B. held for use until disposal
C. held to be exchanged
Correct Answer: B
User Contributed Comments 1
| User | Comment |
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| EEEEvia | ???? |