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Bhaskar Purchased a New Factory Building and Land on September

Question 41

Multiple Choice

Bhaskar purchased a new factory building and land on September 10,2015,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 2016.


A) $23,328
B) $80,000
C) $82,048
D) $92,500
E) None of the above

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