Anybody know where I can find some good Real Estate (CFAT, ERAT, etc) practice questions? The ones in Schweser are crap. Thanks.
Book 6 3AM Questions 31-36
^ No way! Those questons are impossible.
Well check Schweser website first for their errata on that case before trying to do it though… ooops repeat…
Well check Schweser website first for their errata on that case before trying to do it though…
Thanks. Schweser needs to come up with a more defined filter for their Q-bank ?'s.
CFAI book
check out the example on page 579 figure 10…try and make sense on why they take out accum dep TWICE…65,596 holla back…
They are just going back and forth between gain vs. purchase price and gain vs. book value Gain realized above book value = 264,065 Gain realized above purchase price = 198,469 Apply cap gain tax rate to 198,469 (.25) = 39,694 Apply recapture tax rate to the recaptured depriciation 65,596 (.2) = 16,399 Basically, they subtracted accum depric. the first time to show the total gain on book value. They had to subtract the accum depric out of that again to get the amount subject to normal cap gains.
There are 2 questions on the schweser testbank 