AAFM Exam CWM_LEVEL_2 Topic 6 Question 64 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 64
Topic #: 6

Section C (4 Mark)

Read the senario and answer to the question.

Mr. Mehta buys machinery for Rs. 80000 which is to be replaced after a period of two years. The replacement cost at that time will be Rs. 90000. As a Chartered Wealth Manager advice Mr. Mehta now what he should do after two year for the replacement of the said machinery?

AHe should buy the new machinery first and sells the old machine in the next financial year

BHe should sell new machinery first and buy the old machine in the next financial year

CHe should buy and sell the machine in the same financial year

DHe should buy and sell the machine in the financial year 2011

Show Suggested Answer

Suggested Answer: A

by Billye at Aug 28, 2023, 06:22 PM

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