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rofile0 business elaine MyBiz MyBizSuite MyBizSettings training am 0:00 MARK KELLAR: Attempt 1 3 Question 26 (1 point) Saved In 2020, a storage facility
rofile0 business elaine MyBiz MyBizSuite MyBizSettings training am 0:00 MARK KELLAR: Attempt 1 3 Question 26 (1 point) Saved In 2020, a storage facility was destroyed in a fire. The UCC of the building was $47,000, and the original cost was $50,000. Insurance proceeds of $55,000 were received for the market value in 2020. Pursuant to S.13(4), the taxpayer elected to defer the recapture. A new building was built in 2021 at a cost of $60,000. How much is the amended recapture in 2021? $0 $3,000 $5,000
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
9780077506902, 78025540, 77506901, 978-0078025549
