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Carlos purchased an apartment building on November 16, 2017, for $3,000,000. Determine the cost recovery for 2017.a. $9,630b. $11,910c. $13,950d. $22,740e. None of the above
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Carlos purchased an apartment building on November 16, 2017, for $3,000,000. Determine the cost recovery for 2017.a. $9,630b. $11,910c. $13,950d. $22,740e. None of the above

User FajitaNachos
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2 votes

Answer:

e. None of the above

Step-by-step explanation:

Statement showing Computations

Paticulars Amount

Cost of building 3,000,000.00

Cost recovery deduction 3,000,000 *.00455

the cost recovery for 2017 is 13,650.00

User Tech Commodities
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