On August 2, 2018, Wendy purchased a new office building for $3.8 million. On October 1, 2018,

Question:

On August 2, 2018, Wendy purchased a new office building for $3.8 million. On October 1, 2018, she began to rent out office space in the building. On July 15, 2022, Wendy sold the office building.
a. Determine Wendy’s cost recovery deduction for 2018.
b. Determine Wendy’s cost recovery deduction for 2022.

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