On August 2, 2019, Wendy purchased a new office building for $3.8 million. On October 1, 2019,
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On August 2, 2019, Wendy purchased a new office building for $3.8 million. On October 1, 2019, she began to rent out office space in the building. On July 15, 2023, Wendy sold the office building.
a. Determine Wendy’s cost recovery deduction for 2019.
b. Determine Wendy’s cost recovery deduction for 2023.
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Related Book For 
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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