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Exam Series 7 All Questions

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Exam Series 7 topic 1 question 175 discussion

Actual exam question from FINRA's Series 7
Question #: 175
Topic #: 1
[All Series 7 Questions]

Which of the following best describes depreciation?

  • A. a tax credit available to investors in heavy equipment
  • B. deductions from gross income to offset lower value of equipment
  • C. return of principal from real estate investments
  • D. capitalized and amortized maintenance costs
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Suggested Answer: B 🗳️
deductions from gross income to offset lower value of equipment. The cost of equipment is deducted from gross income over the life of the equipment, as its value declines.
by lolojepu at April 6, 2025, 2:06 a.m.

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