Real Estate Accounts Treating of the Proper Classification Construction And
The book Real Estate Accounts Treating of the Proper Classification Construction And was written by author Walter Mucklow Here you can read free online of Real Estate Accounts Treating of the Proper Classification Construction And book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Real Estate Accounts Treating of the Proper Classification Construction And a good or bad book?
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Profits from rents 3. Miscellaneous profits Gains arising from enhancement of values ; from consumption of assets, as in mining; from crops, profits accruing indirectly from the use of land for such buildings as factories, fur- naces, etc. ; profits pertaining to a broker or dealer ; and profits obtained indirectly from the use of borrowed money secured by real estate. 116 PROFITS FROM REAL ESTATE SALES 117 In regard to each of these the following questions must be answered : 1. From what sourc...e do the profits come? 2. How can the amount of profits be determined? 3. Having determined this amount, what disposition should be made of it? 79. Profits from Sales These profits are evidently the difference between the cost price and the selling price. There are, however, cer- tain questions to be considered in determining just what these two prices are, for the amount actually paid for a piece of property may not represent the cost of that prop- erty, and the amount actually received from a purchaser may include, besides the purchase price, interest, taxes, and insurance, and hence may not be the true selling price.
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