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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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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

User Alexis Clarembeau
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1 Answer

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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\%

User Sonnenhaft
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