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Required informotion The following information applies to the questions displayed below] On November 10 of year 1, Javier purchased a building. Including the land it
Required informotion The following information applies to the questions displayed below] On November 10 of year 1, Javier purchased a building. Including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,200,000,$300,000 was allocated to the basis of the land, and the remaining $900,000 was allocated to the basis of the building. (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5) Note: Do not round intermediate calculations. Round your answers to the nearest whole dollor omount. b. What would be the year 3 depreciation deduction if the bullding was sold on August 1 of year 3 ? Answer is complete but not entirely correct
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