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During 2022, Raymond purchased and placed in service a building for his auto repair business. The building cost $200,000, which included $80,000 for the land.
During 2022, Raymond purchased and placed in service a building for his auto repair business. The building cost $200,000, which included $80,000 for the land. What is Raymond's depreciable basis? O $80,000 $120,000 $200,000 $280,000 Mark for follow up
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