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

تمرين 11

Black Acres Apartment, Inc., needs to compute taxable income ( TI ) for the preceding year and wants your assistance. The effective gross income ( EGI ) was $52,500; operating expenses were $19,000; $2,000 was put into a fund for future replacement of stoves and refrigerators; debt service was $26,662, of which $25,126 was interest; and the depreciation deduction was $17,000. Compute the taxable income from operations.