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Consider an income producing property. At time 0, the value of the entire property is 100 and the value of the land is 20. The

Consider an income producing property. At time 0, the value of the entire property is 100 and the value of the land is 20. The property depreciates over the next 10years. The net operating income is 20. Suppose the investor does not use the loan. Given this information, calculate the taxable income at time 1

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