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Susan purchased land and a building for $80,000, of which $20,000 is applicable to the land. The building qualifies as 39-year recovery property and has
Susan purchased land and a building for $80,000, of which $20,000 is applicable to the land. The building qualifies as 39-year recovery property and has a $20,000 salvage value.
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The amount on which MACRS deduction would be computed is the depreciable basis of the building ...
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
