6. This is known as the original cost of a property. A. Economic value. B. NPV.

Question

6. This is known as the original cost of a property.

A. Economic value.

B. NPV.

C. Historical cost.

D. Appraised value.

7. When possessing someone else’s property, it creates an interest called...

A. Bailor’s interest.

B. Bailee’s interest.

C. Residual interest.

D. Creditor’s interest.

8. When the lease is up, items that are removed from the property by the leasor is called...

A. Trade fixtures.

B. Residual interest.

C. Creditor’s interest.

D. Commodity items.

9. This is concrete wall that separates areas in a manufacturing facility to control the spread of a fire in a structure.

A. Fire design.

B. Fire divisions.

C. Parapet wall.

D. Fender wall.

10. A morning custodian discovered 6” of water in the basement of the office building with floating items from around the basement. He discovered the source was from the bathroom and that someone had purposely removed the water supply hose and it was the source of the water. This is an example of...

A. Flood.

B. Human error.

C. Vandalism.

D. Suppression.

Ansewrs for those plasea!

Explanation / Answer

6. NPV

Net Present Value of a property is generally the present value of the future cash that will flow from the property.

7. Bailee's interest

The physical possession is temporarily transferred to a different individual and the individual is known as Bailee.

8. Trade Fixtures

It is movable personal property that the tenant attaches to leased land for business purposes.

9. Parapet Wall

It is an extension of the wall which acts as a barrier to resist fire and other aspects.

10. Human Error

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