AAFM Exam CTEP Topic 8 Question 42 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 42
Topic #: 8

[All CTEP Questions]

Mr. Nitin wants to know the value of estate (before taxation) as on 1st January 2013.

A$10,363,509

B$10,513,509

C$10,280,000

DNone of the above

Show Suggested Answer

Suggested Answer: A

by Florinda at May 31, 2024, 10:31 AM

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Margery

8 months ago

This is a real estate question? I thought we were supposed to be valuing estates, not properties. Option A must be the answer, right?

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Sunshine

7 months ago

I agree, option A seems to be the most accurate choice for the value of the estate.

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Celeste

7 months ago

I think it's option A too. The value of the estate should be $10,363,509.

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Lyndia

8 months ago

I hope Mr. Nitin's not as sneaky as my old accountant. I'll play it safe and choose 'None of the above'.

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Ira

8 months ago

I agree, that seems like a safe choice.

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Kent

8 months ago

I think I'll go with option C) $10,280,000.

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Quiana

8 months ago

Aha, I bet Mr. Nitin is trying to catch us out with this one. I'm going with option C, $10,280,000.

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Tambra

8 months ago

I agree with you, option C, $10,280,000, seems like the right choice.

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Trinidad

8 months ago

I'm going with option B, $10,513,509.

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Dorothy

8 months ago

I think it's option A, $10,363,509.

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Fernanda

8 months ago

Wait, isn't this just a trick question? I'm going to say 'None of the above' to be safe.

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Rodney

8 months ago

Yeah, better to be safe than sorry. Option D it is.

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Kindra

8 months ago

I'm going with option D as well.

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France

8 months ago

I think it's 'None of the above' too.

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Lavonda

9 months ago

Hmm, this seems like a straightforward estate valuation question. I'll go with option B, $10,513,509.

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Timothy

8 months ago

I agree, option B seems like the correct choice.

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Kina

8 months ago

I think the value of the estate is $10,513,509.

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Rickie

8 months ago

I agree, option B seems like the correct choice.

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Sherita

8 months ago

I think the value of the estate is $10,513,509.

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Stephaine

9 months ago

I disagree, I believe the answer is B) $10,513,509 because the estate might have appreciated in value.

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Norah

9 months ago

I think the answer is A) $10,363,509.

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