2008 CFA Level 1 － Sample 样题(1)－Q28 class, black, style

8586

28、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
All else equal, compared with using the straight-line method of depreciation, using an accelerated method of depreciation in the early years of an asset's life would most likely result in a decrease in the firm's:

A. shareholders' equity.

B. asset turnover ratios.

C. cash flow from operations.

D. cash flow from investing activities.

      

[此贴子已经被作者于2008-11-7 16:12:19编辑过]

8586

Correct answer = A

"Analysis of Long-Lived Assets: Part II - Analysis of Depreciation and Impairment," Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried
2008 Modular Level I, Vol. 3, p. 391
Study Session 9-37-a
demonstrate the different depreciation methods and explain how the choice of depreciation method affects a company's financial statements, ratios, and taxes
An accelerated method of depreciation produces greater expenses in the early years and lowers net income, which in turn lowers the retained earnings, resulting in a decrease in shareholders' equity. 

 

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H

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anzhang

a

zhangxie83

b

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[em01]

Riverview

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谢谢哦！