CFA reading 22, question 2: Based on Exhibit 1 and the statements highlighted by Lee, the primary reason for the 36% increase in Food-for-All’s operating income in 2010 was…
A: Revenues
B: Sale of receivables
C: The increase in the estimated useful life of its fixed assets
Revenue grew by $500m (25%), while the depreciation benefit was only $83m. Why is the answer C?