AAFM Exam CTEP Topic 5 Question 58 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 58
Topic #: 5

[All CTEP Questions]

Find out the taxable value of perquisite from the following particulars in case of an employee to whom the following assets held by the company were sold on 1.8.2012.

The assets were put to use by the company from the day they were purchased.

ARs. 82,170

BRs. 92,850

CRs. 48,800

DRs. 53,000

Show Suggested Answer

Suggested Answer: A

by Lizette at Jan 12, 2025, 01:31 AM

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Arminda

2 months ago

Hmm, let's see... if the company buys the assets back at a discount, does that mean the employee gets a bonus? This sounds like a win-win situation to me!

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Tammara

14 days ago

Employee: That's good to know, thanks for the info!

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Corrina

18 days ago

Employee 2: I think it's either Rs. 82,170 or Rs. 92,850.

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Charlette

29 days ago

Employee: I wonder how much the taxable value of the perquisite will be.

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Charlena

2 months ago

Wait, the company is selling the employee their own assets? Talk about a workplace perk - I want in on that deal!

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Jess

2 months ago

This question is making my head spin. Maybe the company should just give the employee a nice vacation instead of all these assets!

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Gaston

27 days ago

No, I believe the answer is Rs. 82,170.

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Sabra

29 days ago

I think the answer might be Rs. 92,850.

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Melita

1 months ago

I agree, this question is really confusing.

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Jamie

2 months ago

I bet the person who wrote this question is an evil genius, trying to trick us with all these numbers. I'm going with option C just to be safe.

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Flo

10 days ago

I agree with you, option C seems like the safest choice.

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Brynn

12 days ago

I'm not sure, but I'll go with option D.

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Kristofer

20 days ago

I'm leaning towards option B, it seems more reasonable.

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Dan

2 months ago

I think option A is the correct answer.

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Twana

2 months ago

Looks like we need to do some calculations to figure this one out. Better get my calculator ready!

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Erinn

2 months ago

I agree with Fabiola, I also think it is Rs. 92,850 based on the information provided.

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Kallie

2 months ago

Hmm, I'm not an accountant, but I think option B looks like the right answer. Selling those company assets to the employee seems like a pretty sweet perk!

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