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Exercise 17-2 (Algorithmic) (LO. 2) Emily spent $186,800 to rehabilitate a certified historic building (adjusted basis of $121,420) that originally had been placed in service

Exercise 17-2 (Algorithmic) (LO. 2)

Emily spent $186,800 to rehabilitate a certified historic building (adjusted basis of $121,420) that originally had been placed in service in 1935.

What is Emily's rehabilitation expenditures tax credit? $

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