Simpson Company, a calendar year taxpayer, acquires an apartment building on March 2 2 , 2 0

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Question:

Simpson Company, a calendar year taxpayer, acquires an apartment building on March

22, 2023

for $

900, 000 .

What is the maximum cost recovery deduction it may take for

2023 ?

.

18, 297

.

22, 617

.

25, 911

.

31, 365

It says that the answer is C but why is that? Please be detailed

Posted Date: May 18, 2024 08:07 AM

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Simpson Company, a calendar year taxpayer, acquires an apartment building on March 2 2 , 2 0

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