Roy purchased an office building on March 30, 2014, for $250,000. $25,000 of which was for the
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Roy purchased an office building on March 30, 2014, for $250,000. $25,000 of which was for the land. On July 30, 2017, he sold the office building. What is the cost recovery deduction for 2017?
a.$0.
b.$3,125.
c.$5,769.
d.$6,410.
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Related Book For
Fundamentals Of Taxation 2018
ISBN: 9781259713736
11th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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