Diane Purchased a Factory Building on November 15, 1993, for $5,000,000.She

question 49

Multiple Choice

Diane purchased a factory building on November 15, 1993, for $5,000,000.She sells the factory building on February 2, 2012.Determine the cost recovery deduction for the year of the sale.

• A)$16,025.
• B)$19,844.
• C)$26,458.
• D)$158,750.
• E)None of the above.

---

Definitions:

Bank's Liability

Bank's liability refers to the legal responsibility of a bank for its actions or inactions, including obligations towards customers, breaches of contract, or regulatory non-compliance.

Disclaimer

A statement that denies responsibility intended to limit legal liability or clarify that certain guarantees are not provided.

Effective

Having the intended or expected effect; capable of bringing about a desired result.

Reasonable Opportunity

A legal concept that refers to the fair chance given to all parties involved in a proceeding to present their case, access relevant information, and respond to evidence against them.