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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 3
In 2009 you purchase a small office building for $450,000, which you financed with a $337,500 fixed-rate mortgage. Up-front financing costs total $6,750. How much of this up- front financing expense could be written off against ordinary income in 2009
A) $6,750.00.
B) $173.01.
C) $270.00.
D) $245.45.
A) $6,750.00.
B) $173.01.
C) $270.00.
D) $245.45.
Explanation
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In 2009 you purchase a small office buil...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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