Doug purchased a new factory building on january 15 2001 for 400,000. on march 1 2020 the building was sold. determine the cost recovery percentage for the year of the sale

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Sonnenhaft · Answer 1 · 2022-07-26T20:42:00+0000

Answer:

The answer is "
$2.5640\%$ "

Step-by-step explanation:

Cst deduction on recovery for the sales year:

$= \$400,000 * 0.02564 * (2.5)/(12)\ months \\\\ =\$ 2,136.67\\$

Recovery of Costs Percentage for sales year:

$= 2.5640\%$