During the Current Year, X Sold an Office Building That

question 13

True/False

During the current year, X sold an office building that was purchased before 1981 and had been used in his business.Depreciation of $12,700 had been claimed.If the straight line method had been used, the depreciation expense would have been $8,500.W's § 1250 recapture potential is $4,200.

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