Wiley AUD Simulation

CPA Exam Forum AUD AUD Review Wiley AUD Simulation

This topic contains 2 replies, has 0 voices, and was last updated by  kb24 5 years, 5 months ago.

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  • #160195

    duker8012
    Participant

    This had been bugging me all weekend…I took a Wiley practice exam and one of the simulations had me complete an Excel-type spreadsheet with formulas to re-calculate depreciation. The instructions stated that depreciation was straight line based on a percentage and that a half-year of depreciation should be calculated for any asset retirements or purchases. So for example, I typed in this formula to calculate depreciation on a purchased asset…

    (B5*C5)/2 where B5 = book value and C5 = provided % rate

    After checking my answers, Wiley marked each of my formulas wrong saying that the correct formula should be…

    0.50*B5*C5

    Obviously both formulas arrive at the same amount, but Wiley marked my answers wrong!! Is this something I need to worry about on the actual exam? Or is it just a Wiley glitch? Anyone have any thoughts?

    #281458

    rknight21
    Participant

    this was one of the sim’s i went over today and had a similiar question as to why i got typing c15+c16+c17 wrong as oppose to sum(c15:c7)…. my exam is tomorrow and all i am hoping to god nothing like this is on it

    #281459

    kb24
    Participant

    I noticed the same thing on both some of the AUD and FAR sims in Wiley. I took both exams last month, and it wasn’t an issue on either.

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