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Emily purchased a factory building on February 11, 2002, for $5,000,000. All of the $5,000,000 cost was allocated to the building, and $0 allocated to
Emily purchased a factory building on February 11, 2002, for $5,000,000. All of the $5,000,000 cost was allocated to the building, and $0 allocated to land. She sold the factory building on March 10, 2020. Determine the cost recovery deduction for the year of the sale, 2020. $128,200 $26,719 $37,875 $181,800
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