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On April 1, 2018, Driver Corporation, a calendar year taxpayer, purchased a factory building for $6,080,000 of which $680,000 was allocable to the land and

On April 1, 2018, Driver Corporation, a calendar year taxpayer, purchased a factory building for $6,080,000 of which $680,000 was allocable to the land and $320,000 was allocable to 15-year land impro...

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