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On May 5, 2017, Christy purchased and placed in service a hotel. The hotel cost $10.8 million, and the land cost $1.2 million ($12 million
On May 5, 2017, Christy purchased and placed in service a hotel. The hotel cost $10.8 million, and the land cost $1.2 million ($12 million in total). Calculate Christy's cost recovery deductions for 2017 and for 2027.
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