Multiple Choice
Doug purchased a new factory building on January 15, 1990, for $400,000. On March 1, 2017, the building was sold. Determine the cost recovery deduction for the year of the sale; Doug did not use the MACRS straight-line method.
A) $0
B) $1,587
C) $2,645
D) $12,696
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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