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Problem 5 Investors in the JMJ Group purchased a hotel resort in April. The group paid $2.0 million for the hotel resort and $500,000 for

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Problem 5 Investors in the JMJ Group purchased a hotel resort in April. The group paid $2.0 million for the hotel resort and $500,000 for the grounds surrounding the resort. The group sold the resort 5 years later in August. Calculate the depreciation deductions for Years 1 through 6. What was the book value at the time the resort was sold? Hotels are nonresidential real property

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