2008 CFA Level 1 － Sample 样题(3)－Q59 accounting, applies, class, principles, otherwise

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59、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.

An investor has gathered the following data, presented on an annual basis, for an apartment complex that is being considered for purchase:

Gross potential rental income     $180,000

Insurance and taxes     $15,000

Utilities   $10,000

Repairs and maintenance     $18,000

Depreciation  $21,000

Interest on proposed financing    $16,000

The annual net operating income (NOI) for the apartment complex is closest to:

A. $100,000.

B. $116,000.

C. $121,000.

D. $137,000.

 

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答案和详解如下：

59、Correct answer is D

"Alternative Investments," Bruno Solnik and Dennis McLeavey

2008 Modular Level I, Vol. 6, pp. 193-194

Study Session 18-76-f

calculate the net operating income (NOI) from a real estate investment, the value of a property using the sales comparison and income approaches, and the after-tax cash flows, net present value, and yield of a real estate investment

NOI = $180,000 - $15,000 - $10,000 - $18,000 = $137,000

 

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2008 CFA Level 1 － Sample 样题(3)－Q59

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