1. An annual deduction based on the class life of an asset is: a. Cost of Sale b. Cost Recovery c. Special Improvement Tax d. Cost Basis

2. Total basis must be allocated among: a. land b. building improvements c. land improvements d. personal property e. all the above

3. The Cash Flow Analysis PowerPoint lists four acquisition methods a property is acquired. They include all the following except: a. Tax-deferred exchange b. Purchase c. Stolen d. Gift e. Inheritance

4. The Purchase Price plus the Acquisition Cost equals the: a. Mortgage Amount b. Cost Recovery Figure c. Original or Acquisition Basis d. Active Income

5. The purchase price of an acquired piece of property is $230,000 cash and has acquisition costs of $20,000. The tax assessment for this property is: TAX CARD Assessed Value Ratio Calculations Land $40,000 $40,000 / $200,000 = 20% Improvements $160,000 $160,000 / $200,000 = 80% Total Assessment $200,000 a. What is the acquisition basis for the purchased property? b. What is the allocation for land? c. What is the allocation for improvements?

6. Cole Herget, Colliers International, spoke to the class regarding: a. Cash Flow Analysis and the importance of after-tax consequences for clients b. How to appraise a building c. The use of phsychographic information when producing a market study d. GIS, GPS, and Census Data

7. A tax characteristic that is a non-cash transfer of money can be called: a. Cash Sale b. Cost Recovery c. Wire Transfer d. Cash Flow

8. An example of a tangible Investor property is: a. A site purchased for future appreciation b. Stock Portfolio c. Personal Home d. Motorcycle

9. ________________ is determined by current tax laws used to calculate the tax liability or tax savings annually. a. Cash Flow b. Taxable income c. Municipal income d. Net Operating Income

10. The holding period is: a. always five years. b. determined by an individual investor. c. based on the basis. d. is enhanced by the assessors value of the property.