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North Realty Co. purchases an apartment building in April 2020 at a cost of $730,000. The company follows a June 30 fiscal year-end. What cost
North Realty Co. purchases an apartment building in April 2020 at a cost of $730,000. The company follows a June 30 fiscal year-end. What cost recovery deduction can North Realty take in fiscal year 2020 (year ending June 30, 2020)?
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