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The solutions to midterm exam 2 for the re 618/890 – real estate investment analysis course, focusing on calculating taxable income, realized gains, recognized gains, and deferred gains from property sales, as well as determining depreciation allowances.
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Fall 2001 Midterm Exam #2 – Solutions Dr. Stanley D. Longhofer T-Th 8:00-9: You have 1 hour and 15 minutes to complete this exam. I know its long; don’t worry, just do the best you can in the time allotted. I would spend a few minutes looking it over before you begin; start with the questions you know best and work on the others last. The number of points for each question is intended to indicate how much time you should spend on each. This weighting incorporates both the time it should take you to answer the question and its relative importance. I’ve tried to eliminate any ambiguity about how to interpret the questions on the exam. Nevertheless, if you make any assumptions not explicitly stated in the questions, make sure you write them down so I can see what you are doing.
d) Calculate all of the above information for Georgia. Georgia Gives Georgia Gets Property $1,200,000 Property $600, Mortgage 900,000 Mortgage 420, Equity 300,000 Equity $180,