Bhaskar purchased a new factory building and land on September 10, 2021, for $3,700,000. ($500,000 of the

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Bhaskar purchased a new factory building and land on September 10, 2021, for $3,700,000. ($500,000 of the purchase price was allocated to the land.) He elected the alternative depreciation system (ADS). Determine the cost recovery deduction for 2022.