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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?

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Suggested Answer: A

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

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Jordan
1 days ago
Ugh, depreciation calculations? Really? I'd rather be doing literally anything else. But I guess I gotta put my game face on and get this done.
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Rebbeca
7 days ago
Alright, time to flex my accounting muscles! Let's see, we've got the capital equipment and the time period, so it should be a straightforward calculation.
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Wilford
23 days ago
Hmm, I think I need to pull out my calculator for this one. Straight-line depreciation can be tricky, but I'm sure I can figure it out.
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Pamela
2 days ago
A) $8,155
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Kimberely
1 months ago
I'm not sure, but I think the answer might be B) $6,438 because the equipment might have depreciated less than expected.
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Alease
1 months 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
1 months ago
I think the answer is A) $8,155.
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