Question
Doug purchased a new factory building on January 15, 2005 for $4,000,000. On March 1, 2017, the building was sold. Determine the cost recovery deduction
Doug purchased a new factory building on January 15, 2005 for $4,000,000. On March 1, 2017, the building was sold. Determine the cost recovery deduction for the year of the sale.
a. $21,367
b. $102,560
c. $31,750
d. $ 127,000
e. some other amount_______________
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
