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?