GFOA Exam CPFO Topic 12 Question 74 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 74
Topic #: 12

[All CPFO Questions]

An ISF has the following capital equipment in service for the stated time. Based upon the information below, using the straight-line method, what should be charged for depreciation at year-end?

A$8,155

B$6,438

C$4,267

D$2,171

Show Suggested Answer

Suggested Answer: A

by Kayleigh at Aug 30, 2023, 07:26 PM

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Alease

3 days ago

I agree with Craig, the equipment has been in service for a long time so the depreciation amount should be higher.

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Craig

4 days ago

I think the answer is A) $8,155.

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