C_CPE_15 Practice Questions

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NEW QUESTION: 1
Adams owns a second residence that is used for both personal and rental purposes. During 2001, Adams used the second residence for 50 days and rented the residence for 200 days. Which of the following statements is correct?
A. Depreciation may not be deducted on the property under any circumstances.
B. Utilities and maintenance on the property must be divided between personal and rental use.
C. A rental loss may be deducted if rental-related expenses exceed rental income.
D. All mortgage interest and taxes on the property will be deducted to determine the property's net income or loss.
Answer: B
Explanation:
Explanation
Choice "c" is correct. Because the second property was personally used more than 14 days, any net loss from the rental of the property will be disallowed.
All related expenses must be prorated between the personal use portion and the rental activity portion.
Prorated depreciation is permitted for the rental activity.

NEW QUESTION: 2
Administrator Kofi has just made some changes on his Management Server and then clicks on the Publish button in SmartConsole but then gets the error message shown in the screenshot below.
Where can the administrator check for more information on these errors?

A. The Objects section in SmartConsole
B. The Log and Monitor section in SmartConsole
C. The Validations section in SmartConsole
D. The Policies section in SmartConsole
Answer: C
Explanation:
Explanation/Reference:
Explanation: Validation Errors
The validations pane in SmartConsole shows configuration error messages. Examples of errors are object names that are not unique, and the use of objects that are not valid in the Rule Base.
To publish, you must fix the errors.
Reference:
https://sc1.checkpoint.com/documents/R80/CP_R80_SecMGMT/html_frameset.htm?topic=documents/ R80/CP_R80_SecMGMT/126197

NEW QUESTION: 3
A user has developed an application which is required to send the data to a NoSQL database. The user
wants to decouple the data sending such that the application keeps processing and sending data but
does not wait for an acknowledgement of DB. Which of the below mentioned applications helps in this
scenario?
A. AWS Simple Notification Service
B. AWS Simple Queue Service
C. AWS Simple Query Service
D. AWS Simple Workflow
Answer: B
Explanation:
Amazon Simple Queue Service (SQS) is a fast, reliable, scalable, and fully managed message queuing
service. SQS provides a simple and cost-effective way to decouple the components of an application. In
this case, the user can use AWS SQS to send messages which are received from an application and sent
to DB. The application can continue processing data without waiting for any acknowledgement from DB.
The user can use SQS to transmit any volume of data without losing messages or requiring other services
to always be available.
Reference: http://aws.amazon.com/sqs/