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Five years ago, Jesse McNeill purchased a warehouse for his business for $190,000. He paid $4,000 in legal fees associated with the acquisition. He paid

Five years ago, Jesse McNeill purchased a warehouse for his business for $190,000. He paid $4,000 in legal fees associated with the acquisition. He paid $12,500 to improve the dock area. He has taken $25,000 in depreciation. He has paid $13,000 for property taxes and $17,000 for utilities over the five years. 


What is Jesse's current adjusted basis in the warehouse?

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