Doug Purchased a New Factory Building on January 15, 1988

question 53

Multiple Choice

Doug purchased a new factory building on January 15, 1988, for $400,000.On March 1, 2012, the building was sold.Determine the cost recovery deduction for the year of the sale assuming he did not use the MACRS straight-line method.

• A)$0.
• B)$1,587.
• C)$2,645.
• D)$12,696.
• E)None of the above.