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Pat, a sole proprietor, acquires a warehouse on November 1, 2023, at a cost of $4.5 million. On January 30, 2031, Pat sells the warehouse.
Pat, a sole proprietor, acquires a warehouse on November 1, 2023, at a cost of $4.5 million. On January 30, 2031, Pat sells the warehouse. Calculate Pats cost recovery for 2023 and 2031
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