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Carlos purchased an apartment building on November 16, 2019, for $3,000,000. Determine the cost recovery for 2019. a) 9,630 b) 13,650 c) 22,740 d)11,910 What
Carlos purchased an apartment building on November 16, 2019, for $3,000,000. Determine the cost recovery for 2019.
a) 9,630
b) 13,650
c) 22,740
d)11,910
What percentage do you multiply to the 3,000,000 and what table is it on? Is it Mid-Year/month convention? Thank you, I appreciate the help.
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