FINRA Series-7 Question Answer
Which of the following best describes depreciation?
tax credit available to investors in heavy equipment
deductions from gross income to offset lower value of equipment
return of principal from real estate investors
capitalized an amortized maintenance costs
deductions from gross income to offset lower value of equipment. Depreciation is the deduction of costs for capital assets as their value declines.
TESTED 06 Jul 2025
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