Bhaskar Purchased a New Factory Building and Land on September

question 95

Multiple Choice

Bhaskar purchased a new factory building and land on September 10, 2017, 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 2018.

• A)$23,328
• B)$80,000
• C)$82,048
• D)$92,500
• E)None of the above

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Definitions:

Homicide

The deliberate and unlawful killing of one person by another; murder.

High School

An education institution for students, typically between the ages of 14 and 18, that follows primary school and precedes higher education.

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Illegal or antisocial behaviors committed by a person under the age of majority.

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Actions or activities that are prohibited by law, ranging from minor offenses to serious crimes against persons or property.