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Jocasta owns an apartment complex that she purchased 6years ago for $750,000.Jocasta has made $60,000 of capital improvements on the complex, and her depreciation claimed
Jocasta owns an apartment complex that she purchased 6years ago for $750,000.Jocasta has made $60,000 of capital improvements on the complex, and her depreciation claimed on the building to date is $137,500. Calculate Jocastas adjusted basis in the building. $_____________
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