Finra Exam Series-7 Topic 7 Question 76 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 76
Topic #: 7

Which of the following best describes depreciation?

Atax credit available to investors in heavy equipment

Bdeductions from gross income to offset lower value of equipment

Creturn of principal from real estate investors

Dcapitalized an amortized maintenance costs

Show Suggested Answer

Suggested Answer: B

deductions from gross income to offset lower value of equipment. Depreciation is the deduction of costs for capital assets as their value declines.

by Kati at Oct 20, 2023, 12:46 AM

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