Question: uring 2 0 2 3 , Ray purchased and placed in service a building for his auto repair business. The building cost $ 3 0

uring 2023, Ray purchased and placed in service a building for his auto repair business. The building cost $300,000, which included $80,000 for the land. What is Ray's depreciable basis?
$80,000
$220,000
$300,000
$380,000
Capital improvements.
Casualty deduction.
Depreciation.
Tax credit.

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