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GFOA CPFO Exam - Topic 12 Question 5 Discussion

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?
B) $6,438
A) $8,155
C) $4,267
D) $2,171

GFOA CPFO Exam - Topic 12 Question 5 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 5
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?

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Suggested Answer: B

by Erick at May 04, 2022, 11:36 AM

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Taryn
11 months ago
I thought it would be lower, like $4,267.
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Fannie
11 months ago
I calculated it too, and $8,155 looks accurate!
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Zona
11 months ago
Wait, how did you guys come up with that number? Seems off to me.
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Leslee
12 months ago
Totally agree, $6,438 seems right!
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Carin
12 months ago
I think the depreciation should be around $6,438 based on the straight-line method.
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Yvonne
12 months ago
I practiced a similar question last week, and I think the straight-line method should give us a consistent annual charge.
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Rene
12 months ago
I feel like the answer might be around $6,000, but I’m not confident. I hope I remember the formula correctly!
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Clorinda
12 months ago
I think we need to divide the total cost by the useful life, but I can't recall the exact numbers from the practice questions.
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Lisha
12 months ago
I remember practicing depreciation calculations, but I'm not entirely sure how to apply the straight-line method here.
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Mitsue
12 months ago
Okay, let's see. The question is asking about the information displayed in the INTRS column, so I'll need to focus on that specifically.
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Sharika
1 year ago
This seems straightforward to me. The fabric is already in a redundant configuration, so I believe the best approach is to upgrade the APIC controllers one at a time to maintain availability. I'll double-check the options, but I'm leaning towards a specific answer.
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Laurel
1 year ago
Hmm, I'm a bit unsure about this one. I know Action elements are used for various tasks, but I'm not totally clear on the specifics. I'll have to think it through step-by-step.
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