Potential Gross Income describes

Potential Gross Income describes


Subject: Business    / Finance   
Question

Potential Gross Income describes:

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the actual rent earned by a property in a year.

the actual rent earned by a property in a year, net of expenses.

the total rent a property could earn in a year if fully rented out.

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the total rent earned in a year, after the mortgage is paid.


How much will a $100 deposit made today be worth in 10 years if interest is compounded daily at an annual rate of 10%?

$200

$259.37

$268.51

$271.79

The future value of a deposit in a saving account today will depend on

nominal annual interest rate offered on the account

the length of time the money is on deposit

the frequency of interest compounding

all of the above

John owns a 5-story office building with total square footage of 125,000. He acquired the investment for $2,500,000. The land represents 30% of his investment. What is John’s annual depreciation deduction?

44,872

63,636

19,231

64,103

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