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    Taxation of Individuals
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    Exam 9: Property Acquisition and Cost Recovery
  5. Question
    During April of the Current Year, Ronen Purchased a Warehouse
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During April of the Current Year, Ronen Purchased a Warehouse

Question 87

Question 87

Short Answer

During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,600,000. Calculate the maximum depreciation expense during the current year.

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