View et Design Layout References Mailings Review Dalberi (Bodyl 10 A A A A A BIU.abe X, X AA - AE A S E Aalibcode Asbede AaBbCcDc Aabbed Normal No spacing Heading Heading a Math This is one continuous problem with 10 questions and an extra credit opportunity. The extra credit should be submitted as an excel spreadsheet showing all of your work, by SAM tomorrow morning. Label It: YOUR LAST NAME space Your First Initial space QUIZ ONE EC. Improper labels will be rejected You purchased a property for $1,000,000. Twenty percent of the purchase price represents land. The depreciable life of the asset is 40 years. Questions 1) What amount of your purchase can be depreciated? 1,000,000 b. 200.000 C 800,000 d. 25,000 2) How much is depreciation each year? a 25,000 b. 20,000 c5,000 d. 60,000 The caprate at purchase was 5X NOI increases 10% per year. The caprate at sale in five years is 4%. Questions 3) What is your starting NOI? a 20,000,000 b. 5.000 6 40,000 d. 50,000 4) What is your ending NOI? a. 30,000,000 b. 80,526 c4420 d. 73,205 5) What will the property sell for? a 1464,100 b. 1,500,000 1,830,125 d. 45,000,000