In April 2022, Lenape Corporation completed security, fire, and heating system improvements to existing nonresidential real property

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In April 2022, Lenape Corporation completed security, fire, and heating system improvements to existing nonresidential real property with a total cost of $1,285,000. Assuming these improvements are 39-year recovery property and qualify for the Section 179 deduction, calculate Lenape’s total cost recovery on the improvements for 2022.

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Related Book For  answer-question

Principles Of Taxation For Business And Investment Planning 2023

ISBN: 9781264229741

26th Edition

Authors: Sally Jones, Shelley Rhoades-Catanach, Sandra Callaghan, Thomas Kubick

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