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Cora purchased a hotel building on May 17, 2019, for $3,000,000. Determine the cost recovery deduction for 2020 if sold hotel on November 3, 2020.
Cora purchased a hotel building on May 17, 2019, for $3,000,000. Determine the cost recovery deduction for 2020 if sold hotel on November 3, 2020.
Select one:
A. $48,150
B. $67,305
C. $69,000
D. $76,920
E. None of these.
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