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.

A little daily practice goes a long way.

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?

Ready to Pass the CFA Level I Exam?

No matter where you are on your journey, Kaplan Schweser’s expert instructors can help you get ready to pass Level I.

Find Your Study Package
Question: 7/9
Kaplan | 1515 W Cypress Road, Fort Lauderdale, FL 33309
© Kaplan Inc. All Rights Reserved.
Privacy Policy Terms and Conditions