EASE INTO PREP WITH A QUESTION EVERY DAY

Answer the question below and see how ready you are for the CFA Level I Exam. Then, get the answer explained to ensure you understand the concept.

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CFA Level I Practice Question for May 22nd

269 Answers Today

Vasco Ltd. purchased a unit of heavy equipment one year ago for £500,000 and capitalized it as a long-lived asset. Because demand for equipment of this type has grown significantly, Vasco believes the fair value of its equipment has increased to £600,000. If Vasco revalues its equipment to £600,000, what will be the most likely effect on Vasco's financial results, compared to not revaluing the equipment?

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