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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 8: Depreciation, Cost Recovery, Amortization, and Depletion
  5. Question
    On May 30, 2016, Jane Purchased a Factory Building to Use
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On May 30, 2016, Jane Purchased a Factory Building to Use

Question 3

Question 3

Multiple Choice

On May 30, 2016, Jane purchased a factory building to use for her business. In August 2017, Jane paid $300,000 for improvements to the building. Determine Jane's total deduction with respect to the building improvements for 2017.


A) $2,889
B) $4,173
C) $4,815
D) $25,000
E) None of the above

Correct Answer:

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