A Property That Produces an Annual NOI of $100,000 Was

question 39

Multiple Choice

A property that produces an annual NOI of $100,000 was purchased for $1,200,000.Debt service for the year was $95,000 of which $93,400 was interest and the remainder was principal.Annual depreciation is $38,095.What is the taxable income?

• A)$5,000
• B)$6,600
• C)−$31,495
• D)−$33,095

Utilize appropriate resources for diagnosing mental health conditions.

Assess immediate concerns pertaining to a patient's mental health status.

Evaluate mental health on a continuum from healthy to unhealthy based on functioning.

Understand the importance of fulfilling relationships for patients with mental health issues.

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Definitions:

Beneficiary

The person for whose benefit an insurance policy, trust, will, or contract is established. In the case of a contract, the beneficiary is called a third-party beneficiary.

Parol Evidence Rule

A legal rule that prevents the introduction of outside evidence to modify, vary, or contradict the terms of a written contract.

Oral Nature

Pertains to information, agreements, or processes that are conveyed, conducted, or based on spoken communication rather than written.

Written Contract

A legally binding agreement between parties that is expressed in written form and signed by those involved.