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The recent decline in land prices has hurt many institutions [#permalink]
 08 Jan 2008, 14:19
Question Stats:
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The recent decline in land prices has hurt many
institutions that had invested heavily in real estate.
Last year, before the decline began, a local college
added 2,000 acres to its holdings. The college,
however, did not purchase the land but received it as
a gift. Therefore the price decline will probably not
affect the college.
Which of the following, if true, casts most doubt on
the conclusion above?
(A) The 2,000 acres that the college was given last
year are located within the same community
as the college itself.
(B) The college usually receives more contributions
of money than of real estate.
(C) Land prices in the region in which the college
is located are currently higher than the
national average.
(D) Last year, the amount that the college allocated
to pay for renovations included money it
expected to receive by selling some of its land
this year.
(E) Last year, the college paid no property taxes on
land occupied by college buildings but instead
paid fees to compensate the local government
for services provided.
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Re: CR - Decline in land prices [#permalink]
08 Jan 2008, 14:23
D ?
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Re: CR - Decline in land prices [#permalink]
08 Jan 2008, 21:07
ashkrs wrote: The recent decline in land prices has hurt many
institutions that had invested heavily in real estate.
Last year, before the decline began, a local college
added 2,000 acres to its holdings. The college,
however, did not purchase the land but received it as
a gift. Therefore the price decline will probably not
affect the college.
Which of the following, if true, casts most doubt on
the conclusion above?
(A) The 2,000 acres that the college was given last
year are located within the same community
as the college itself.
(B) The college usually receives more contributions
of money than of real estate.
(C) Land prices in the region in which the college
is located are currently higher than the
national average.
(D) Last year, the amount that the college allocated
to pay for renovations included money it
expected to receive by selling some of its land
this year.
(E) Last year, the college paid no property taxes on
land occupied by college buildings but instead
paid fees to compensate the local government
for services provided. Clear D. If the university planned on selling the land for 100$, but now can only sell for 50$... its got a problem.
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Joined: 04 May 2006
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Schools: CBS, Kellogg
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Re: CR - Decline in land prices [#permalink]
08 Jan 2008, 23:56
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Re: CR - Decline in land prices [#permalink]
09 Jan 2008, 00:29
ashkrs wrote: The recent decline in land prices has hurt many
institutions that had invested heavily in real estate.
Last year, before the decline began, a local college
added 2,000 acres to its holdings. The college,
however, did not purchase the land but received it as
a gift. Therefore the price decline will probably not
affect the college.
Which of the following, if true, casts most doubt on
the conclusion above?
(A) The 2,000 acres that the college was given last
year are located within the same community
as the college itself.
(B) The college usually receives more contributions
of money than of real estate.
(C) Land prices in the region in which the college
is located are currently higher than the
national average.
(D) Last year, the amount that the college allocated
to pay for renovations included money it
expected to receive by selling some of its land
this year.
(E) Last year, the college paid no property taxes on
land occupied by college buildings but instead
paid fees to compensate the local government
for services provided. clearly D is OA. if the college sells the land at a lower price than expected, renovations could be affected...
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Director
Joined: 08 Jun 2007
Posts: 586
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Re: CR - Decline in land prices [#permalink]
11 Jan 2008, 13:12
OA is D.
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Re: CR - Decline in land prices
[#permalink]
11 Jan 2008, 13:12
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