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Exercise 13-13 (Algorithmic) (LO. 3) Emily spent $244,000 to rehabilitate a certified historic building (adjusted basis of $158,600) that originally had been placed in service

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Exercise 13-13 (Algorithmic) (LO. 3) Emily spent $244,000 to rehabilitate a certified historic building (adjusted basis of $158,600) that originally had been placed in service in 1935. What is Emily's rehabilitation expenditures tax credit? 24,400 X

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