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Calculator Exercise 12-12 (Algorithmic) (L0. 3) Emily spent $218,000 to rehabilitate a certified historic building (adjusted basis of $141,700) that originally had been placed in

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Calculator Exercise 12-12 (Algorithmic) (L0. 3) Emily spent $218,000 to rehabilitate a certified historic building (adjusted basis of $141,700) that originally had been placed in service in 1935. Compute Emily's credit for rehabilitation expenditures

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