GFOA Exam CPFO Topic 7 Question 102 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 102
Topic #: 7

[All CPFO Questions]

A building with a replacement value of $1,000,000 has depreciated by 50%. What amount of risk has been unwittingly assumed?

A$500,000

B$550,000

C$600,000

DNone of these

Show Suggested Answer

Suggested Answer: C

by Kent at Oct 21, 2024, 12:16 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

1 days ago

I believe the correct answer is B) $550,000 because the building has depreciated by 50%.

upvoted 0 times

...

3 days ago

I agree with Roosevelt, the depreciated amount is $500,000.

upvoted 0 times

...

8 days ago

I think the answer is A) $500,000.

upvoted 0 times

...