Question
Data: Purchased January 2006 Purchase Price $150,000 Land Value $ 40,000 Type Property: Four-Plex NOI Yr 1 $12,500 Yr 2 $13,200 Yr 3 $14,100 Loan
Data: Purchased January 2006
Purchase Price $150,000
Land Value $ 40,000
Type Property: Four-Plex NOI
Yr 1 $12,500
Yr 2 $13,200
Yr 3 $14,100
Loan $125,000 @ 8.0% for 30 years
Calculate the amount of Depreciation for years 1-3:
Calculate the Taxable Income for each year:
What would be the Net Tax Savings or Taxes owed if you are in the 28% Tax Bracket? What is the ATCF?
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Depreciation for Year 1 40000 275 145545 Depreciation for Year 2 145545 x ...
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
