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    Federal Taxation
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    Exam 8: Depreciation, Cost Recovery, Amortization, and Depletion
  5. Question
    Polly Purchased a New Hotel on July 20, 2017, for $6,000,000
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Polly Purchased a New Hotel on July 20, 2017, for $6,000,000

Question 64

Question 64

Short Answer

Polly purchased a new hotel on July 20, 2017, for $6,000,000. On January 20, 2024, the building was sold. Determine the cost recovery deduction for the year of the sale.

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$6,000,000...

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