On August 2, 2021, Wendy purchased a new office building for $3,800,000. On October 1, 2021, she
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On August 2, 2021, Wendy purchased a new office building for $3,800,000. On October 1, 2021, she began to rent out office space in the building. On July 15, 2025, Wendy sold the office building.
a. Determine Wendy’s cost recovery deduction for 2021.
b. Determine Wendy’s cost recovery deduction for 2025.
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Related Book For 
South-Western Federal Taxation 2022 Individual Income Taxes
ISBN: 9780357519073
45th Edition
Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman
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