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25. Good Corporation purchases a building for use in its business at a cost of $100,000. The building was built in 1900 and is a

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25. Good Corporation purchases a building for use in its business at a cost of $100,000. The building was built in 1900 and is a certified historic structure. Indie spends $175,000 on qualifying renovations certified as consistent with the buildings character. Indie will eam a total rehabilitation (historic) tax credit of A) $15,000. B) $25,000 C) $35,000. D) $50,000 20% tax credit for the certified historic structure cost+amount spend=275,000-20%*275,000

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