[Anonymous]

So in this practice question for FAR, it asks if a city should record depreciation on its general capital asset. I know for governmental funds, capital assets are not reported in the fund statements, so depreciation shouldn’t be reported either.

BUT the answer says it should be recorded on government-wide statement. Well, I know it’s included on GOVERNMENT-WIDE FS, but nowhere in this entire question mentions “government-wide”.

Will the questions on the actual exam be clearer, or should I just automatically assume government-wide FS if I see the words “capital asset”?

[T-rex]

@delala,

My guess is that you will see many poorly worded exam questions, especially sims. When you get those, take an educated guess and move on. Don't spend to much time on them, and don't let them rattle you.

AUD - 95, BEC - 85
REG - 85, Rawrrrrrr FAR - 88
Used Becker for all sections.
CA candidate not residing in CA

[kettik]

If they say CITY they mean government-wide cuz the city is that government that's in control of all its funds. They didn't ask if a FUND should record depreciation. So watch out for that. They might say county or state too (I presume).

[jimboace88]

In my experience I found that the questions assigned by Becker were horridly worded AT LEAST more than 50% of the time.

On the actual exam, I felt as if I generally knew what I had to figure out. This could be attributed to Becker on some level because I was prepared for tricks and bad wording OR it could be attributed to the questions on the actual exam just being better. I honestly can't tell you which one I would give more credit to–FAR has already become a repressed memory for me.

FAR 07/27/11 - 87
AUD 10/01/11 - 85
BEC 11/15/11 - 87
REG 01/03/12 - 92

[Anonymous]

Thank you, Kettik! I think you make great sense. I should pay more attention to whether the subject is the fund or the entity. =)

[Author]

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