Multiple Choice
Rafael bought an apartment building on March 27,2010,at a cost of $2,000,000 (exclusive of the cost allocated to the land) .He sells the building on November 3,2017.What is Rafael's cost recovery deduction on the building for 2017 if he wants to take the maximum deduction allowable on the building?
A) $44,870
B) $63,630
C) $66,660
D) $69,690
E) $72,740
Correct Answer:
Verified
Correct Answer:
Verified
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