Question
Diane purchased a factory building on April 15, 1993, for $5,000,000 . She sells the factory building on February 2, 2019 . Determine the cost
Diane purchased a factory building on April 15, 1993, for $5,000,000 . She sells the factory building on February 2, 2019 . Determine the cost recovery deduction for the year of the sale :
a. $16,025
b. $19,838
c. $26,458
d. $158,750
e. None of the above
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Concepts In Federal Taxation
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
19th Edition
978-0324379556, 324379552, 978-1111579876
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