Multiple Choice
Bhaskar purchased a new factory building and land on September 10, 2019, for $3,700,000.($500,000 of the purchase price was allocated to the land.) He elected the alternative depreciation system (ADS) .Determine the cost recovery deduction for 2020.
A) $23,328
B) $80,000
C) $82,048
D) $92,500
Correct Answer:
Verified
Correct Answer:
Verified
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