Amortized cost Samenvattingen, Aantekeningen en Examens

Question 1 1 / 1 pts The cost recovery period for 3­year class property is 4 years. True False Question 2 1 / 1 pts If more than 40% of the value of property, other than real property, is placed in service during the last quarter, all of the property placed in service in the second quarter will be allowed 7.5 months of cost recovery. True False Question 3 1 / 1 pts Under the MACRS straight­line election for personalty, only the half­year convention is applicable. tax accoun...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2024 PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called ️ a contract Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management ra...

CLFP Financial and Tax Accounting for Leases Exam Questions and Answers – Latest 2024/2025 Graded A+. What is a primary goal of the accounting profession? correct answerConsistent treatment of like transactions to allow clarity in presentation and consistency in interpretation of financial statements prepared by various individuals or entities. How did APB (Accounting Principals Board) fail? correct answerCreated Opinion #5 (Reporting of Leases in Financial Statements of Lessees) and Opini...

Colorado Law and Practice - PSI REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% PASS Abandonment - Correct Answer ️️ -Non-payment of taxes Abstract of title - Correct Answer ️️ -A history of the ownership of parcel of land which lists transfers of title, rights, and liabilities. Acceleration Clause - Correct Answer ️️ -Upon default, all the principal installments come due to immediately Accesion - Correct Answer ️️ -owner of land is entitled to all the soil produces or all t...

A bond differs from a term loan in that a bond _. - ️️Has a higher issuance cost A company's attitude and conduct toward its employees, customers, community, and stockholders is referred to as - ️️business ethics. A contract that is negotiated directly between a borrowing firm and a bank and under which the borrower agrees to make a series of interest and principal payments to the bank on specific dates is called _. - ️️Term Loan A firm's effective capital budgeting procedure...

Real Estate - AYPO Practice Final Exam 2024 with Complete Solutions Real Estate - AYPO Practice Final Exam 2024 with Complete Solutions Real Estate - AYPO Practice Final Exam 2024 with Complete Solutions *a real estate agent walked through a client's house. he noted 4 things: side yard is not maintained, lock on back door doesn't effectively latch, support beams in the basement are discolored and has some cracks, and some of the linoleum tiles in the kitchen are loose. Which of thes...

PSI National Exam for Real Estate Questions and Answers Already Passed A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called a contract Antitrust laws prohibit competing brokers from all of the following 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probably be shared by al...

1 OHIO REAL ESTATE TEST REVIEW QUESTIONS AND ANSWERS / 100% ACCURATE. GRADED A+ You are preparing a competitive market analysis on a vacant lot you are listing for sale. Which of the following approaches to value will be used in the development of estimated value? A. Cost approach B. Gross rent multiplier C. Income approach D. Sales comparison approach - -D. sales comparison approach most applicable to the appraisal of vacant land Cost approach - -used for special purpose properties...

Intermediate Accounting Final Exam Questions With 100% Correct Answers Neither internally generate goodwill nor patents will be reported on the balance sheet - answerFalse Unlimited-life intangibles such as trademarks and tradenames are not amortized by systematic charges to expense but are impairment tested annually. - answerTrue The cost of a patent is amortized over its remaining legal life or its remaining useful life, whichever is longer. - answerFalse Goodwill recorded in connectio...

An Approve/Eligible determination: 1. Is an indication that a property appraised for its sales price 2. Authorization to release funds in a refinance transaction 3. An automated loan approval from the Fannie Mae Du system 4. A recommendation that is received by the Freddie Mac loan prospector automated underwriting system. - 3. An automated loan approval from the Fannie Mae Du system.. this means that the borrower meets the credit requirements and all other loan factors are acceptable. The...