The g hotel sold for 5 mill the investors originally paid, Financial Management

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The g hotel sold for 5 mill the investors originally paid

The G hotel sold for 5 Mill. The investors originally paid 3.5 mill for the property 5 yrs ago using a 2.5 mill interest loan. Therefore they had a 2.5 mill balance at the time of the sale and had 600,000 in accumulated depreciation to be recaptured on sale. The Cap gains tax rate is 15%.

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Financial Management: The g hotel sold for 5 mill the investors originally paid

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Financial Management: The g hotel sold for 5 mill the investors originally paid

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