FSU REE4204 EXAM 3 SIRMANS QUESTIONS AND ANSWERS 2025

FSU REE4204 EXAM 3 2025
SIRMANS
ANSWER ALL QUESTIONS IN THIS SECTION



QUESTION 1



In any property cash flows are derived from two avenues:



a. operating cash flows

b. from sale of property

c. management costs

d. a and c

e. a and b - ANSWERS-E



QUESTION 2



Depreciation is defined as a _______________ but not a cash outlay.



a. cash expense

b. tax deductible expense

c. production cost

d. part of your cash flow

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, FSU REE4204 EXAM 3 2025
SIRMANS
e. none of the above - ANSWERS-B



QUESTION 3



Residential income property is depreciated over:



a. 15 years

b . 3 0 years

c. 39 years

d. 27.5 years

e. 20 years - ANSWERS-D



QUESTION 4



Tax law changes that would affect the value of real estate include:



a. changes in marginal rates (bracket rates)

b. changes in depreciation allowance

c. changes in capital gains rates

d. all of the above - ANSWERS-D

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