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 $$ for the land and paid a down payment of $ and have a loan for the rest. They made payments on the loan during the year totaling $ of which $ was interest payments. Select the most complete response.
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