Real Estate Principles 3rd Edition by David Ling,Wayne Archer

تمرين 3

In 2009 you purchase a small office building for $450,000, which you financed with a $337,500 fixed-rate mortgage. Up-front financing costs total $6,750. How much of this up- front financing expense could be written off against ordi­nary income in 2009
A) $6,750.00.
B) $173.01.
C) $270.00.
D) $245.45.