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Basic Question 5 of 5
At the end of 2010, a firm has an estimated average age of its fixed assets of 15 years. If the accumulated depreciation for the firm is $300,000, how much is the depreciation expense for 2010?
B. $20,000.
C. $300,000.
A. $30,000.
B. $20,000.
C. $300,000.
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets
CFA® 2024 Level I Curriculum, Volume 2, Module 7.