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An investor purchases an office building for $7,312,500. The appraisal at the time of purchase indicates that the building contributes to 80% of the total
An investor purchases an office building for $7,312,500. The appraisal at the time of purchase indicates that the building contributes to 80% of the total property value. The investor holds the building for 7 years. What is the investor's depreciation recapture at resale? Remember, because this is a commercial property it would be depreciated over 39 years. ($)
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