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Ricardo acquired a warehouse for business purposes on August 30, 2001. The building cost $407,500. He took $211,900 of depreciation on the building, and then

Ricardo acquired a warehouse for business purposes on August 30, 2001. The building cost $407,500. He took $211,900 of depreciation on the building, and then sold it for $487,500 on July 1, 2020. R...

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