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Free CTFA – Certified Trust and Financial Advisor Practice Test Question

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Showing 10–12 of 20 questions

Question 10

Single payment loan is a loan:

Select all that apply, then click Submit answer.

  • ○

    Made for a specified period
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    At the end of which payment is due in full
  • ○

    At the end of which half of the payment is due
  • ○

    That expires within a year
Question 11

The Counting House, Inc., purchased 5-year property class equipment for $60,000. It uses the MACRS method of depreciation. What is tax depreciation for the second year of the asset's life?

Select an option, then click Submit answer.

  • ○

    $12,000
  • ○

    $19,200
  • ○

    $20,000
  • ○

    $24,000
Question 12

All of the following steps are involved in estimating the earnings stream, EXCEPT:

Select an option, then click Submit answer.

  • ○

    Estimating corporate sales
  • ○

    Estimating corporate earnings before taxes
  • ○

    Estimating corporate liabilities and assets

  • ○

    Estimating corporate earnings after taxes