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Cardinal Company incurs $ 8 0 0 , 0 0 0 during the year to construct a facility that will be used exclusively for the

Cardinal Company incurs $

800, 000

during the year to construct a facility that will be used exclusively for the preschool age children during normal working hours. Assuming that Cardinal claims the credit for employerits basis in the newly constructed facility is $

640, 000 .

True

False

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