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25 April, 11:44

Carlos purchased an apartment building on November 16, 2017, for $3,000,000. Determine the cost recovery for 2017. a. $9,630b. $11,910c. $13,950d. $22,740e. None of the above

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  1. 25 April, 14:56
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    e. None of the above

    Explanation:

    Statement showing Computations

    Paticulars Amount

    Cost of building 3,000,000.00

    Cost recovery deduction 3,000,000 *.00455

    the cost recovery for 2017 is 13,650.00
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