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?

A$8,155

B$6,438

C$4,267

D$2,171

Show Suggested Answer

Suggested Answer: A

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

Limited Time Offer

25%

Off

Get Premium CPFO Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Pamella

29 days ago

Wait, is this a trick question? I mean, who actually has this much capital equipment just lying around? Must be one heck of an ISF!

upvoted 0 times

...

Laine

1 months ago

Piece of cake! Straight-line depreciation is my jam. Though I have to admit, the question itself looks like it's straight out of an accountant's worst nightmare.

upvoted 0 times

Essie

5 days ago

I think it's A) $8,155

upvoted 0 times

...

Youlanda

18 days ago

A) $8,155

upvoted 0 times

...

Jordan

1 months 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.

upvoted 0 times

King

16 days ago

C) $4,267

upvoted 0 times

...

Luisa

26 days ago

B) $6,438

upvoted 0 times

...

Jessenia

1 months ago

A) $8,155

upvoted 0 times

...

Rebbeca

2 months 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.

upvoted 0 times