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- Hi! help me with this please. Thank you so much! TRUE OR FALSE. EXPLAIN. In a commercial sense, value is the present worth of the total cost of owning a particular property.Land is not an asset we depreciate. Explain what it is not treated as an asset we depreciate?A parcel of land is always a capital asset. True False
- Please show your solution or explaination. Thank youuu!!Subject: Estate taxationWhich of the following statements is wrong? a) The sale of a principal residence may be exempt from capital gains taxation. b) The sale or a real property to the government may be subject to regular income taxation. c) Capital gains on the sale of real property located in the Philippines and held as capital asset is based on presumed gains d) None of the aboveHerb Scholl, the owner of Scholl’s Company, wonders whether interest costs associated with developing land can ever be capitalized. What does the Codification say on this matter?
- What are the primary benefits of investing in real estate income property?2. Explain what Real Property Gains Tax is in a Malaysian context and its basis oftaxation.Which of the following characteristics is most likely to diff erentiate investment propertyfrom property, plant, and equipment?A. It is tangible.B. It earns rent.C. It is long-lived.