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Lopez acquired a building on June 1, 2015, for $32,871,000. Compute the depreciation deduction assuming the building is classified as A) residential and B) Non
Lopez acquired a building on June 1, 2015, for $32,871,000. Compute the depreciation deduction assuming the building is classified as A) residential and B) Non residential.
A). Calculate Lopez's cost recovery deduction for 2020 if the building is classified as residential rental real estate
B)Calculate Lopez's cost recovery deduction for 2020 if the building is classified as nonresidential rental real estate
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