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Business, 13.12.2019 23:31 adlaremse2987

On march 6, 2015, cloe company acquired an office building for $9,700,000 (with $700,000 being allocated to the land). the straight-line cost recovery method was used. the property was sold on june 22, 2019, for $8,700,000.

if an amount is zero, enter "0". do not round cost recovery factors. round the total cost recovery deduction to the nearest dollar.

a. compute the cost recovery and adjusted basis for the building.
the cost recovery is $ , and the adjusted basis for the building is $ .

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On march 6, 2015, cloe company acquired an office building for $9,700,000 (with $700,000 being alloc...

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