新用戶掃碼下載
掃碼下載APP
及時(shí)接收最新考試資訊及
備考信息
2016年美國CPA練習(xí)題精選：Business 14
The calculation of depreciation is used in the determination of the net present value of an investment for which of the following reasons？
a. Depreciation represents a cash outflow that must be added back to net income.
b. The decline in the value of the investment should be reflected in the determination of net present value.
c. Depreciation adjusts the book value of the investment.
d. Depreciation increases cash flow by reducing income taxes.
答案：D
Explanation
Choice “d” is correct. Although depreciation is not directly relevant to net present value computations， the depreciation tax shield （reduced income taxes） results in increased cash flows from an investment and is used in the determination of net present value.
Choice “b” is incorrect. Depreciation is an accounting method of cost allocation， not a method of valuation that would be considered in determining the initial investment.
Choice “c” is incorrect. The reductions in the book value associated with depreciation expense are not relevant to net present value calculations.
Choice “a” is incorrect. Depreciation is not a cash outflow， rather it is a noncash expense.
【我要糾錯(cuò)】 責(zé)任編輯：小瑩子
推薦閱讀
相關(guān)資訊
限時(shí)免費(fèi)資料
-
思維導(dǎo)圖
-
學(xué)習(xí)計(jì)劃
-
科目特點(diǎn)
-
報(bào)考指南
-
歷年樣卷
-
財(cái)會英語
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號