Products Such as Parking Garages,mainframe Computers,privately Owned Office Buildings,and Street-Cleaning

question 160

Multiple Choice

Products such as parking garages,mainframe computers,privately owned office buildings,and street-cleaning equipment are depreciated over time rather than expensed in the year they are purchased.These are classified as:

• A) processed materials
• B) accessory equipment
• C) major equipment
• D) supplies
• E) component parts

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Definitions:

Tenant-Days

A metric used in real estate management, calculated by multiplying the number of tenants by the number of days occupied.

Net Operating Income

Profit generated from a company’s everyday operations, calculated by subtracting operating expenses from gross profit.

Tenant-Days

A metric used in real estate to measure the total number of days rental units are occupied in a given period.

Client-Visits

The number of occasions clients interact with or receive services from a company or professional.