Long Term Assets

Concept Check: Fixed Assets & Depreciation

Maya and Jordan have been running CoLab for over a year. The books are getting complicated — equipment, leasehold improvements, a logo they own, and Jordan keeps asking questions Maya cannot answer. They need an accountant. That is you. Time to set the record straight.

First Name

Last Name

CoLab Accounting Desk

Score: 0 / 30

Maya & Jordan — CoLab founders

Almost There

Before your score is revealed, take a moment to reflect.

Jordan kept thinking depreciation meant CoLab was losing money. In your own words — what would you tell him, and what surprised you most in this concept check?

0 / 40 characters minimum

Your Results

Accountant

What to Do Next

Download your reflection card and submit the file as directed by your instructor. If you earned the badge, it will appear on the card.