Calculated as the gross value of an asset minus accumulated depreciation, where accumulated depreciation is the sum of all reported depreciation expenses for the particular asset.

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The CFA Institute Investment Foundations Program covers the essentials of finance, ethics, and investment roles, providing a clear understanding of the global investment industry.


1. Calculated as the gross value of an asset minus accumulated depreciation, where accumulated depreciation is the sum of all reported depreciation expenses for the particular asset.