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    Fundamentals of Taxation
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    Exam 6: Self-Employed Business Income Line 12 of Form 1040 and Schedule C
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    On November 30,2016,Constance Purchased an Apartment Building for $750,000
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On November 30,2016,Constance Purchased an Apartment Building for $750,000

Question 33

Question 33

Multiple Choice

On November 30,2016,Constance purchased an apartment building for $750,000.Determine her cost recovery deduction for 2016 rounded to the nearest dollar.


A) $26,138.
B) $3,413.
C) $2,400.
D) $0.

Correct Answer:

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