bnglasgow8704 bnglasgow8704
  • 15-12-2022
  • Mathematics
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A small office building is purchased with a $1,200,000 balloon mortgage that isdue at the end of ten years. Payments are based on a 25 year amortization period. Ifone point is charged, how much of that point can be deducted annually for taxpurposes?(A) $12,000(B)$1,200(C)$480(D)$02

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