Bhaskar Purchased a New Factory Building and Land on September

question 87

Multiple Choice

Bhaskar purchased a new factory building and land on September 10, 2019, for $3,700,000.($500,000 of the purchase price was allocated to the land.) He elected the alternative depreciation system (ADS) .Determine the cost recovery deduction for 2020.

• A)$23,328
• B)$80,000
• C)$82,048
• D)$92,500

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Definitions:

Eudicot

A major group of flowering plants characterized by the presence of two cotyledons in their seedlings, among other structural features.

Botanist

A scientist who studies plants, including their physiology, structure, genetics, ecology, distribution, classification, and economic importance.

Apical Meristem

The growth region in plants located at the tips of roots and shoots, where cells divide actively, leading to elongation.

Growing Root

The part of a plant that typically grows downward into the soil, anchoring the plant and absorbing water and nutrients.