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A property has $610,000 of annual net operating income. The depreciable basis for the property is $6,000,000, with an annual depreciation rate of 2.564% per
A property has $610,000 of annual net operating income. The depreciable basis for the property is $6,000,000, with an annual depreciation rate of 2.564% per year. The owner is paying $475,000 of debt service, of which $325,000 represents interest for the current year. Assume a 37% tax rate on taxable income.
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Given information Annual net operating income NOI 610000 Depreciable basis 600...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
