NACVA Exam CVA Topic 3 Question 55 Discussion

Actual exam question for NACVA's CVA exam

Question #: 55
Topic #: 3

An intangible's deficiencies are considered curable when the prospective economic benefit of enhancing or modifying it exceeds the current cost (in terms of material, labor, and time) to change it. An intangible's deficiencies are considered incurable when:

AThe current costs of enhancing or modifying it (in terms of material, labor and time) can not exceed the expected future economic benefits of improving it

BThe current costs of enhancing or modifying it (in terms of material, labor and time) exceed the expected future economic benefits of improving it

CCost encompasses all of the deficiencies

DReproduction cost exceeds the actual production cost

Show Suggested Answer

Suggested Answer: B

by Joni at Aug 02, 2022, 01:47 PM

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