QUESTION 94 In a cash-flow projection, the net operating income is determined by starting with the gross potential income, calculating the gross effective income, and then deducting vacancies and bad debts. deducting depreciation. deducting operating expenses. adding depreciation QUESTION 95 An office building is determined to have a cost of $15,000,000 for depreciation. What is the depreciation amount for the first year if the building was purchased on January 1st? $384,615 $522,727 $368,590 $545,454