Question
Last year, a corporation purchased an office building for $190,000. The building's salvage value was estimated to be $50,000. The building qualifies as 39-year recovery
Last year, a corporation purchased an office building for $190,000. The building's salvage value was estimated to be $50,000. The building qualifies as 39-year recovery property. Ignore bonus depreciation and Section 179. The corporation's current year depreciation deduction for the building is:
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Report On Trade Conditions In China
Authors: Harry R. Burrill, Raymond F. Crist
1st Edition
1138617806, 9781138617803
