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Cora Purchased a Hotel Building on May 17, 2019, for $3,000,000.Determine

Question 98

Multiple Choice

Cora purchased a hotel building on May 17, 2019, for $3,000,000.Determine the cost recovery deduction for 2020.

A) $48,150
B) $59,520
C) $69,000
D) $76,920

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