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q33 A property that produces an annual NOI of $249,000 was purchased for $3,800,000. Debt service for the year was $191,538 (interest $158,845 & principal

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A property that produces an annual NOI of $249,000 was purchased for $3,800,000. Debt service for the year was $191,538 (interest $158,845 \& principal \$32,693). Annual depreciation is $77,949. Assuming no capital improvements (capex), what is the taxable income? Ch11 3.5 12,206 b. 5171.051 c. $57,462 d. $90,155

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