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A group of investors has formed Trump Corporation to purchase a small hotel. The asking price is $150K for the land and $850K for the
A group of investors has formed Trump Corporation to purchase a small hotel. The asking price is $150K for the land and $850K for the hotel building. If the purchase takes place in June, compute the MACRS depreciation for the first three calendar years. Then assume the hotel is sold in October of the fourth year, and compute the MACRS depreciation in that year as well. What's the book value of the whole property (land + building) at the time of sale
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