Eighteen-year residential real property owned by an individual has accumulated accelerated depreciation of $275,000 at January 1,
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Eighteen-year residential real property owned by an individual has accumulated accelerated depreciation of $275,000 at January 1, 2009. If depreciation had been computed under the straight-line method, accumulated depreciation would be $200,000. The property is sold on January 1, 2009 with a recognized gain of $300,000. What is the amount of depreciation recapture?
$75,000
$80,000
$60,000
$90,000
Related Book For
Principles of Information Security
ISBN: 978-1285448367
4th Edition
Authors: Michael E. Whitman, Herbert J. Mattord
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