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 3,2016.What is Rafael's cost recovery deduction on the building for 2016 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
Q1: Davis,Inc.,a motorcycle wheel manufacturer,purchased a new spoke
Q5: Jim places a new lift truck (7-year
Q7: Under current law, taxpayers must use regular
Q8: Brent purchases a new warehouse building on
Q11: Mountain View Development Co.purchases a new high
Q30: Cost recoverable intangible properties include<br>I.Uranium ore.<br>II.Patents.<br>III.Agreements not
Q42: Felix purchases the franchise rights to a
Q59: What is the MACRS recovery period for
Q60: Pedro purchased used delivery equipment costing $80,000
Q80: Jason purchases a patent at a cost