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Quiz 5 Rockwell questions with 100% correct answers
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Quiz 5 Rockwell questions with 100% correct answers
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Quiz 5 RockwellA "cost recovery deduction" is another term for a: - correct answer ✔✔depreciation deduction
To calculate adjusted basis, a manager will start with initial basis and then: - correct answer ✔✔add
capital expenditures and subtract depreciation
The Federal Deposit Insurance Corporation will insure all funds up to $250,000 in which type of account?
- correct answer ✔✔Interest-bearing checking account
Interest-bearing savings account
Non-interest-bearing checking account
Which of the following would be a variable expense? - correct answer ✔✔Maintenance
For a particular property, which of the following would be the smallest? - correct answer ✔✔After-tax
cash flow
What is the formula for calculating an owner's return on investment? - correct answer ✔✔Net operating
income divided by capital invested
An owner is aware that he will need to start setting aside funds to replace the property's furnace in the
near future, so he puts regular deposits into an account just for that and similar large expenses. This is
a/an: - correct answer ✔✔reserve fund account
A unit would lease for $1,400 per month if it were put on the market today. However, it has been subject
to a long-term lease and is currently leasing for only $1,050 per month. $1,050 would be its: - correct
answer ✔✔market rent
Ways of increasing a property's gross income include all of the following, except: - correct answer
✔✔lowering utility bills
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