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Eric purchased an apartment building on June 12, 2005 for $1,200,000. The land value was determined to be $200,000 and the building value was $1,000,000.

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Eric purchased an apartment building on June 12, 2005 for $1,200,000. The land value was determined to be $200,000 and the building value was $1,000,000. Determine the cost recovery for tax year year 2020, O $19,700 O 536,360 O $25,640 O $33,330 $50.000

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