[CFA level 1模拟真题]Version 4 Questions－Q24 principles, accounting, class, face, following

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Q24. Assume U.S.GAAP (generally accepted accounting principles) applies unless otherwise noted.

Which of the following adjustments to the assumed useful life and assumed salvage value of a company’s assets would most likely decrease the company’s total asset turnover ratio?

	Assumed useful life	Assumed salvage value
A	Longer	Lower
B	Longer	Higher
C	Shorter	Lower
D	Shorter	Higher

A. Answer A

B. Answer B

C. Answer C

D. Answer D

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答案和详解如下：

Q24   B   07 Modular Level I, Vol.1, pp 434-437   Study Sessions 9-43-b

A longer useful life and higher salvage value are consistent with lower depreciation expense, which results in a higher net asset value. Asset turnover (Sales/Total assets) would decrease because sales would be constant while assets would be higher due to smaller depreciation changes.

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a

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