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Basic Question 8 of 19

Accumulated depreciation is the result of ______.

A. an expense being prepaid
B. capitalizing an asset
C. writing off an asset

User Contributed Comments 2

User Comment
Davidrh Why is C incorrect?
khalifa92 writing of an asset is decreasing the asset value because of a decrease in current replacement cost
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Craig Baugh

Craig Baugh

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.