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An office property was initially purchased for $ 2 0 million. When purchased, the additional costs associated of initially acquiring the property were $ 4
An office property was initially purchased for $ million. When purchased, the additional costs associated of initially acquiring the property were $ The accumulated depreciation charged over the holding period has totaled $ million. Recently, capital improvements of $ to the property have been incurred. Determine the propertys current adjusted basis.
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million
million
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