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CIPS Exam L4M8 Topic 1 Question 53 Discussion

Actual exam question for CIPS's L4M8 exam
Question #: 53
Topic #: 1
[All L4M8 Questions]

What is depreciation and deterioration?

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by Izetta at Jan 28, 2025, 04:20 PM

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Merissa
29 days ago
I see you candidates are really getting into the spirit of this question. Keep up the witty banter, but don't forget to actually answer it too!
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Valentin
11 days ago
Depreciation is the reduction in value of an asset over time.
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Hana
1 months ago
Ah, the joys of asset management. Depreciation and deterioration, the dynamic duo of keeping things in tip-top shape. Or, you know, the exact opposite of that.
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Wei
5 days ago
Depreciation is the reduction in value of an asset over time.
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Audra
1 months ago
Depreciation and deterioration, huh? Sounds like my car after a few too many potholes. Maybe I should just trade it in for a hoverboard instead.
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Marla
7 days ago
Lisha: Maybe a hoverboard would be a better option for you then!
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Lisha
9 days ago
User 2: And deterioration is when it starts to perform worse because of wear and tear.
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Dorathy
10 days ago
Kathrine: Maybe we should both consider getting hoverboards instead!
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Margarita
16 days ago
User 1: Yeah, depreciation is like the value of your car going down over time.
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Kathrine
22 days ago
User 2: I know what you mean, my car is starting to show signs of deterioration too.
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Mila
28 days ago
User 1: Yeah, depreciation is like the value of my car going down over time.
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Glendora
2 months ago
Wait, so I have to keep track of both depreciation and deterioration? That's like juggling two balls while walking a tightrope. I'm already sweating just thinking about it.
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Erasmo
12 days ago
Don't worry, with practice, it will become easier to manage both aspects.
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Shaun
29 days ago
Just make sure to update your records regularly to stay on top of it.
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Kimberlie
1 months ago
It can be challenging, but it's important for financial planning and decision-making.
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Leatha
2 months ago
Yes, you need to keep track of both depreciation and deterioration to accurately assess the value of the asset.
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Vivan
2 months ago
Depreciation? Sounds like my budget after a night out with friends. But hey, at least the asset's value is going down, just like my bank account!
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Lisbeth
1 months ago
So true, the longer an asset lasts without deteriorating, the better value it represents.
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Alysa
1 months ago
Deterioration is when something becomes lower in quality or performance.
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Maryann
2 months ago
Yeah, just like my bank account after a night out with friends!
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Flo
2 months ago
Depreciation is the reduction in value of an asset over time.
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Jenelle
2 months ago
Yes, it converts the cost of an asset into an expense over a period of time.
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Mitsue
2 months ago
So, depreciation helps organizations to have a fair view of the asset's worth?
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Jenelle
2 months ago
Depreciation is the reduction in value of a fixed asset over time.
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