In income-producing property valued by the capitalization approach, if the property taxes increase and all else remains equal, the property value will:
A: Increase more than the amount of the annual tax increase;
B: Decrease more than the amount of the annual tax increase;
C: Decrease an amount equal to the amount of the annual tax increase;
D: Increase an amount equal to the amount of the annual tax increase.
Answer: B: Decrease more than the amount of the annual tax increase;
You might also like to view...
By working closely with its clients and understanding their needs, A Plus Z has improved its service encounter to a level that was not thought possible in mass retailing
Which of the eight critical business processes performed by supply chain managers does this best illustrate? a. Manufacturing flow management b. Customer service management c. Demand management d. Returns management
Which of the following is a current asset that is expected to be converted to cash, sold, or consumed during the next year (or the normal operating cycle, if longer)?
A) Land B) Equipment C) Building D) Accounts Receivable