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26. In calculating the net operating income (NOI) of a property, the above-line treatment of capital expenditures implies: A. capital expenditures are excluded from the

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26. In calculating the net operating income (NOI) of a property, the "above-line" treatment of capital expenditures implies: A. capital expenditures are excluded from the calculation of NOI. B. capital expenditures are included in the calculation of NOI. C. capital expenditures are set equal to NOI. D capital expenditures are divided by NOI

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