Exam (elaborations)
CCIM 101 - FINANCIAL ANALYSIS EXAM QUESTIONS AND ANSWERS 2024
- Course
- Institution
CCIM 101 - FINANCIAL ANALYSIS EXAM QUESTIONS AND ANSWERS 2024
[Show more]
Content preview
CCIM 101 - FINANCIAL ANALYSIS EXAMThe basis for a property that is purchased equals the purchase price plus what? -
ANSWERS-Plus any capitalized acquisition costs (not financing costs.)
Purchase price + acquisition costs = [XXXX] basis - ANSWERS-Original (acquisition)
basis
The portion of basis allocated to improvements or personal property is called
what? - ANSWERS-Depreciable basis
The goal of a cost segregation study is what? - ANSWERS-To use the engineering
reports of a property to segregate assets into personal property, land
improvements, buildings and land categories, with the objective of identifying
assets that can be depreciated over a shorter tax life. (See 5.12 in coursebook)
For cost-recovery purposes, residential property is defined as property in which
people live for [XXXX] or more days at a time and where no substantial services
(such as healthcare, which would be commercial) are provided. - ANSWERS-30
days
In mixed-use properties, if the Gross Rental Income (GRI) from the residential
portion is less than [XXXX]% of the total income collected, the property is treated
as commercial. - ANSWERS-80%
, The class life (depreciation period) of residential real estate improvements is how
long? - ANSWERS-27.5 years (or 3.636%/p.a.)
The class life (depreciation period) of NON-residential (commercial) real estate
improvements is how long? - ANSWERS-39 years (or 2.564% p.a.)
The Mid-month Convention: For cost recovery, taxpayers are required to use
what day of the month to establish the acquisition and disposition dates when
calculating cost-recovery deductions? - ANSWERS-15th
What are the four basic components of NOI? - ANSWERS-1 - Potential rental
income (PRI)
2 - Vacancy and credit losses
3 - Other income
4 - Operating expenses
[XXXX] is used to determine a property's PRI (Potential Rental Income.) -
ANSWERS-Lease analysis
PRI equals NOI in what property/tenant scenario? - ANSWERS-If the property has
one tenant with a long-term absolute NNN lease.
[XXXX] is PRI minus vacancy and collection losses. - ANSWERS-ERI (Effective Rental
Income)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Teacher101. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now