Question: 1. (make sure you know what date to use) On August 4, 2020, William purchased a new office building for $3,600,000. On October 2, 2020,

1. (make sure you know what date to use) On August 4, 2020, William purchased a new office building for $3,600,000. On October 2, 2020, he began to rent out office space in the building. On July 23, 2024, he sold the office building. Determine the cost recovery deduction for 2020. Determine the cost recovery deduction for 2024.

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