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CCIM 101 -FINANCIAL ANALYSIS ACTUAL EXAM NEWEST VERSION ACTUAL 120 QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES BY EXPERT RATED A GRADE.$18.99
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CCIM 101 -FINANCIAL ANALYSIS ACTUAL EXAM NEWEST VERSION ACTUAL 120 QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES BY EXPERT RATED A GRADE.
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Course
CCIM 101 -FINANCIAL ANALYSIS
Institution
CCIM 101 -FINANCIAL ANALYSIS
CCIM 101 -FINANCIAL ANALYSIS ACTUAL EXAM NEWEST VERSION ACTUAL 120 QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES BY EXPERT RATED A GRADE.
CCIM 101 -FINANCIAL ANALYSIS ACTUAL EXAM
NEWEST VERSION 2024-2025 ACTUAL 120
QUESTION AND CORRECT DETAILED VERIFIED
ANSWERS FROM VERIFIED SOURCES BY EXPERT
RATED A GRADE.
What is Net Present Value? - ANSWER-NPV is the difference between
the present value of cash inflows and the present value of cash outflows
over time.
True of false: For commercial and investment properties, loan costs paid
at time period zero are deducted in full in the year they are paid. -
ANSWER-False - they are amortized over the full term of the loan. Any
unamortized costs are expenses in the year the loan is paid off.
A REIT must distribute what percent of its taxable income to
stockholders every year? - ANSWER-90%
True or False: a REIT is subject to corporate-level tax on the taxable
income it distributes to stockholders. - ANSWER-False. A REIT must pay
out at least 90% of its taxable income as dividends. Since those
dividends are actually the taxable portion of the income generated by
the REIT-owned properties, the company is able to pass its tax burden
to shareholders rather than pay Federal taxes itself.
,What is Section 1231 property? - ANSWER-Section 1231 property is real
or depreciable business property (such as a commercial building) held
for more than one year.
A section 1231 gain from the sale of a property is taxed at the lower
capital gains tax rate versus the rate for ordinary income. If the sold
property was held for less than one year, the 1231 gain does not apply.
The basis for a property that is purchased equals the purchase price
plus what? - ANSWER-Plus any capitalized acquisition costs (not
financing costs.)
The portion of basis allocated to improvements or personal property is
called what? - ANSWER-Depreciable basis
The goal of a cost segregation study is what? - ANSWER-To use the
engineering reports of a property to segregate assets into personal
property, land improvements, buildings and land categories, with the
objective of identifying assets that can be depreciated over a shorter
tax life. (See 5.12 in coursebook)
For cost-recovery purposes, residential property is defined as property
in which people live for [XXXX] or more days at a time and where no
, substantial services (such as healthcare, which would be commercial)
are provided. - ANSWER-30 days
In mixed-use properties, if the Gross Rental Income (GRI) from the
residential portion is less than [XXXX]% of the total income collected,
the property is treated as commercial. - ANSWER-80%
The class life (depreciation period) of residential real estate
improvements is how long? - ANSWER-27.5 years (or 3.636%/p.a.)
The class life (depreciation period) of NON-residential (commercial) real
estate improvements is how long? - ANSWER-39 years (or 2.564% p.a.)
The Mid-month Convention: For cost recovery, taxpayers are required to
use what day of the month to establish the acquisition and disposition
dates when calculating cost-recovery deductions? - ANSWER-15th
Who are the Two decision maker - ANSWER-1. The user
2. The investor
The User's objective - ANSWER-To make the decision regarding the
space that they need for their business
The investor's objective - ANSWER-To make a decision regarding
investment in properties that are or could be leased to users
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