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assume the tax rate for all c-corporations is 21%. Question 3 2.5 pts Lewis Corporation purchased a building several years ago for $1 million and

assume the tax rate for all c-corporations is 21%. image text in transcribed
Question 3 2.5 pts Lewis Corporation purchased a building several years ago for $1 million and has deducted $160,000 of straight-line depreciation since then. It sells the building for $910,000 cash. What is the amount of depreciation recapture? 514,000 $70.000 O $32,000 O $160.000

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