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33 Bond investments purchased by a business corporation Question 33 (1 point) Which of the following assets would not be subject to depreciation recapture under
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Bond investments purchased by a business corporation Question 33 (1 point) Which of the following assets would not be subject to depreciation recapture under Section 1245 if sold for a gain? livestock held for breeding purposes business machinery O a retail building storage tanks of a manufacturer Question 34 (1 point) Allison, a landlord, has her apartment building condemned by the state for purposes of building a road through the location of the building. Allison purchased the property five years ago for $500,000 and depreciated $50,000 of its cost. Because the property in the area had declined in value over that time period, that state gave Allison condemnation proceeds of only $425,000 on 12/10/19. On 12/15/20, she bought a replacement apartment building for $475,000 Step by Step Solution
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