Solution-How much of this upfront financing expense

How much of this upfront financing expense

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In 2012 you purchased a small office building for $450,000, which you financed with a $337,500 fixed-rate, 25-year mortgage. Upfront financing costs totaled $6,750. How much of this upfront financing expense could be written off against ordinary income in 2012?

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How much of this upfront financing expense

Reference no: EM132354783

Reference no: EM132354783

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