Data: Purchased January 2006 Purchase Price $150,000 Land Value $ 40,000 Type Property: Four-Plex NOI Yr 1

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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?

Related Book For answer-question

College Accounting A Practical Approach

ISBN: 978-0133133233

12th edition

Authors: Jeffrey Slater

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Posted Date: May 13, 2020 04:13 PM

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Data: Purchased January 2006 Purchase Price $150,000 Land Value $ 40,000 Type Property: Four-Plex NOI Yr 1

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Depreciation for Year 1 40000 275 145545 Depreciation for Year 2 145545 x ... View the full answer

College Accounting A Practical Approach

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