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Guggenheim LIHTC Tests:Trial 7: Moderate Rehab: Tax Exempt.Fin.

Schedule M: Accounting Adjustments

Annual capital vs. expense accts

  Total 2088 2089 2090 2091 2092
Dev.Costs Expensed to Oper.Exp.(A[19])            
Const.Fin.Expensed to Debt Service 4866 887 1575 1143 888 374
Oper.Exp.Capitalized            
Ground Rent Capitalized            
Perm.Fin.Int.Capitalized            
Total 4866 887 1575 1143 888 374



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