Income measurement Concepts Illustration Facts Company with $100,000 in cash Buys condo for $100,000 Rents condo for $12,000 per year End of the first year: Condo valued at $125,000Illustration Facts: • Company with $100,000 in cash • Buys condo for $100,000 • Rents condo for $12,000 per year • End of the first year: Condo valued at $125,000 Income Measurement Concepts