Examlex
Which of the following is not one of the main areas covered in the examinations that must be taken in order to achieve the designation of Chartered Financial Analyst?
Double-Declining-Balance
A method of accelerated depreciation in which an asset’s book value is decreased at double the rate of its straight-line depreciation.
Sum-Of-The-Years'-Digits Depreciation
A depreciation method that results in a more accelerated write-off of an asset than straight-line depreciation, based on a sum of the years’ digits formula.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, decay, or decline in value over time.
Salvage Value
The estimated resale value of an asset at the end of its useful life, used in calculating depreciation expenses.
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