Lawrence purchased an apartment building on February 10, 2017, for $330,000, $30,000 of which was for the

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Lawrence purchased an apartment building on February 10, 2017, for $330,000, $30,000 of which was for the land. What is the cost recovery deduction for 2017?

a.$0.

b. $ 6,741.

c.$ 9,546.

d.$10,660.

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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