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Firm P , a noncorporate taxpayer, purchased residential realty in 1 9 8 5 for $ 1 million. this year it sold the realty for

Firm P, a noncorporate taxpayer, purchased residential realty in 1985 for $1 million. this year it sold the realty for $450000. Through date of sale, Firm P deducted $814000 accelerated depreciation on the realty. Straightline depreciation would have been $625000.

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