Question: For the Two Men and a Plunger return, what differences would occur on this return if , at the beginning of the tax year, the

For the Two Men and a Plunger return, what differences would occur on this return if, at the beginning of the tax year, the partners purchased a small warehouse building for their shop instead of renting space? They purchased the building for $150,000($20,000 for the land) and paid a down payment of $75,000 and have a loan for the rest. They made payments on the loan during the year totaling $18,500, of which $14,500 was interest payments. Select the most complete response.

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