AAFM GLO_CWM_LVL_1 Exam - Topic 8 Question 86 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 86
Topic #: 8

Mr. Pramod Jain (age 40 years) has life interest in a Trust property. The annual income from Trust property for last three years is as under:

The Trust has spent Rs. 5,000/- per year for collection of the income. The value of life interest of Re 1/- at the age of 40 is Rs. 10.093/-. The value of the property on the valuation date is Rs. 5 lakh. Find the value of life interest.

ARs. 3.84 lakh

BRs. 3 lakh

CRs. 3.27 lakh

DRs. 5 lakh

Show Suggested Answer

Suggested Answer: B

by Alexia at Aug 02, 2024, 02:21 PM

Limited Time Offer

25%

Off

Get Premium GLO_CWM_LVL_1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Twana

5 months ago

Really? That seems too high for a life interest at 40.

upvoted 0 times

...

Laurena

5 months ago

I calculated it, and I'm getting around Rs. 3.84 lakh.

upvoted 0 times

...

Dominga

5 months ago

Wait, how does the Rs. 5,000 expense affect the value?

upvoted 0 times

...

Rasheeda

6 months ago

I think it's definitely more than Rs. 3 lakh!

upvoted 0 times

...

Marya

6 months ago

The annual income is key to calculating the life interest.

upvoted 0 times

...

Coletta

6 months ago

I feel like the total income minus expenses should give us a clearer picture, but I’m uncertain about how to apply the valuation factor to that.

upvoted 0 times

...

Roosevelt

6 months ago

I think the factor for Re 1 at age 40 is crucial here. I just can't recall how to apply it correctly to the income.

upvoted 0 times

...

Melissia

6 months ago

The value of life interest seems to depend on the net income after expenses, right? I think I need to calculate that first.

upvoted 0 times

...

Ivan

7 months ago

I remember we practiced a similar question about valuing life interests, but I’m not sure how to adjust for the expenses.

upvoted 0 times

...

Leonor

7 months ago

This seems like a tricky one, but I'm confident I can figure it out. I'll start by organizing the income data and then work through the calculations step-by-step.

upvoted 0 times

...

Mollie

7 months ago

Okay, I think I've got a handle on this. I just need to calculate the average annual income, subtract the expenses, and then use the given life interest value to find the total life interest.

upvoted 0 times

...

Kaitlyn

7 months ago

Hmm, I'm a bit confused by all the different values and calculations involved. I'll need to read through the question carefully and make sure I understand each step.

upvoted 0 times

...

Talia

7 months ago

This looks like a straightforward calculation problem, but I'll need to carefully work through the details to get the right answer.

upvoted 0 times

...

Kimbery

7 months ago

Okay, I think I know the answer to this one. The recommended location is option A, tomcat/shared/classes/alfresco/web-extension/share-config-custom.xml, since that will ensure my changes aren't removed by ACS upgrades.

upvoted 0 times

...

Shaunna

7 months ago

I'm a bit confused here. The question mentions merging the rows of the two DataFrames, but the code block just uses the union method on the Spark context. I'm not sure if that's the right approach.

upvoted 0 times

...

Fannie

7 months ago

Okay, let me see if I can break this down step-by-step. I'll need to identify the correct interface configuration, VLAN tagging, and L2VPN settings to troubleshoot this issue.

upvoted 0 times

...

Angelo

1 year ago

Wait, did they say the trust spent Rs. 5,000 per year for 'collection of the income'? That's a lot of paperwork, if you ask me. Maybe they should just set up a direct deposit.

upvoted 0 times

Josphine

11 months ago

Mozelle: Definitely, they should look into streamlining their processes.

upvoted 0 times

...

Dawne

11 months ago

User 3: I think setting up a direct deposit would save them a lot of money.

upvoted 0 times

...

Mozelle

11 months ago

User 2: Maybe they should consider a more efficient way to handle the income.

upvoted 0 times

...

Emeline

11 months ago

User 1: I agree, Rs. 5,000 per year for paperwork seems excessive.

upvoted 0 times

...

Kayleigh

1 year ago

Life interest in a trust property? Sounds like a real estate-themed version of 'Survivor'! I just hope the trustee doesn't vote me off the island.

upvoted 0 times

...

Ozell

1 year ago

This looks like a tricky one. But I've got my calculator ready and I'm going to give it my best shot. Gotta stay sharp for these exams, you know!

upvoted 0 times

Minna

12 months ago

B) Rs. 3 lakh

upvoted 0 times

...

Dorothy

12 months ago

A) Rs. 3.84 lakh

upvoted 0 times

...

Fredric

1 year ago

But the value of the property is Rs. 5 lakh, so it must be D) Rs. 5 lakh.

upvoted 0 times

...

Deane

1 year ago

Hmm, the question also mentions the value of the property and the cost of collecting the income. I'll need to factor those in as well. Let me think this through carefully.

upvoted 0 times

...

Viva

1 year ago

I disagree, I believe the answer is C) Rs. 3.27 lakh.

upvoted 0 times

...

Carma

1 year ago

The value of the life interest should be calculated based on the annual income from the trust property, right? I'm going with option C - Rs. 3.27 lakh.

upvoted 0 times