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on july 2 2011 scott purchased a residential commercial building. The cost basis assigned to the building is $600,000. scott also owns a residential apartment
on july 2 2011 scott purchased a residential commercial building. The cost basis assigned to the building is $600,000. scott also owns a residential apartment building he purchased on June 15 2010 with a cost basis of $400,000. a. calculate scotts total depreciation deduction for the building for 2011, using the modified accelerated cost recovery system. b. calculate scotts total depreciation deduction for the buildings for 2012, using the modified accelerated cost recovery system
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