Question
Brittany purchased a building for $160,000 on January 1, 2013. The purchase price does not include land. (Use Table 6A-6 and Table 6A-8) Required: Calculate
Brittany purchased a building for $160,000 on January 1, 2013. The purchase price does not include land. (Use Table 6A-6 and Table 6A-8)
Required:
Calculate the cost recovery for 2013 and 2021 if the real property is:
- Residential real property.
- A warehouse.
Note: For all requirements, round your final answers to the nearest whole dollar amount.
Brittany purchased a building for $160,000 on January 1, 2013. The purchase price does not include land. (Use Table 6A-6 and Table 6A-8)
Required:
Calculate the cost recovery for 2013 and 2021 if the real property is:
- Residential real property. 2013 ? 2021 ?
- A warehouse. 2013 ? 2021 ?
Note: For all requirements, round your final answers to the nearest whole dollar amount.
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