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T is a company not an individual. T paid $80,000 for real property to be used for a factory. T paid commissions of $2,000 and
T is a company not an individual. T paid $80,000 for real property to be used for a factory. T paid commissions of $2,000 and legal fees of $600. Of the total purchase price, $10,325 represents land. Immediately after acquiring the building T spends $20,000 in remodeling. T has depreciation of $14,526. What is Ts adjusted basis in the building?
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