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Students are typically classified as gifted when their IQ score is 130 or above by most modern definitions, but the traditional benchmark used in many Pakistani textbooks and exam papers is 140 and above for “genius/highly gifted.” In the context of this exam, the expected answer is C — 140 and above.
Correct Answer: C — 140 and above.
Property purchased 1 January 2010 for $100,000, useful life 50 years. On 1 January 2024, revalued to $119,000. Total useful life remains 50 years from 2010. What is the depreciation charge for year ended 31 December 2024?
Option D ($3,306) is correct.
Years elapsed by 1 Jan 2024 = 14 years; Remaining life = 50 − 14 = 36 years
Annual depreciation = $119,000 ÷ 36 = $3,305.56 ≈ $3,306
May is correct. Modal verbs in English do not take an “-s” in the third person singular, so “mays” is grammatically incorrect. May expresses possibility for a future event. Might also expresses possibility but suggests a lower degree of certainty; in this neutral context may is the standard choice.
Correct Answer: C — may.
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