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Indie Corporation purchases a building for use in its business at a cost of $100,000. The building was built in 1900 and is a certified
Indie Corporation purchases a building for use in its business at a cost of $100,000. The building was built in 1900 and is a certified historic structure. Indie spends $150,000 on qualifying renovations certified as consistent with the buildings character. Indie will earn a rehabilitation (historic) tax credit of A. $50,000. B. $30,000. C. $25,000. D. $15,000.
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