NACVA Exam CVA Topic 3 Question 56 Discussion

Actual exam question for NACVA's CVA exam

Question #: 56
Topic #: 3

[All CVA Questions]

Many cost items fall into a ''___________'', in which the decision to expense or to capitalize the expenditures is subjective. One such decision is the dividing line between maintenance expenditures, which are expenses and capital improvements, which are capitalized.

AWhite area

BGary area

CRed area

DWhite and gray area

Show Suggested Answer

Suggested Answer: D

by Lashawnda at Aug 19, 2022, 02:41 AM

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Barney

19 hours ago

I'm not sure about this one. Can you explain why it's D) White and gray area?

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Delbert

3 days ago

I agree with Devorah. It can be tricky to determine whether to expense or capitalize certain costs.

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Devorah

4 days ago

I think the answer is D) White and gray area.

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