Brittany purchased a building for $500,000 on January 1, 2007. The purchase price does not include land.

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Brittany purchased a building for $500,000 on January 1, 2007. The purchase price does not include land. Calculate the cost recovery for 2007 and 2015 if the real property is:
a. Residential real property.
b. A warehouse.
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Fundamentals Of Taxation 2016

ISBN: 9781259812774

9th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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