Perry Corporation leases a building to Jimison Corporation for $10,000 per month. The terms of the lease
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Perry Corporation leases a building to Jimison Corporation for $10,000 per month.
The terms of the lease provide that any improvements to the building will revert to Perry upon termination of the lease. During the current year, Jimison adds a wing to the building at a cost of $50,000.
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Related Book For 
Concepts In Federal Taxation 2011
ISBN: 9780538467926
18th Edition
Authors: Kevin E. Murphy, Mark Higgins
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